Dieppe, Alistair; Küster, Keith; McAdam, Peter - 2004
Central Bank working paper series 50
Abstract
In this paper, we analyze optimal monetary policy rules in a model of the
euro … monetary policy literature.
These AWM model features - namely, a high degree of intrinsic persistence and a
limited role for … rigidities, monetary policy
can actively contribute to stabilizing the real and nominal economy. Accordingly, a large
body of …