Dieppe, Alistair; Küster, Keith; McAdam, Peter - 2004
In this paper, we analyze optimal monetary policy rules in a model of the euro area, namely the ECB’s Area Wide Model …-based policies with the optimal forecast horizon for inflation ranging between two and three years. Benchmarking against fully optimal …. Thus, the paper contributes to the debate on optimal monetary policy in the euro area, as well as to the conduct of …