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Optimal monetary policy in an estimated DSGE for the euro area
Adjemian, Stéphane (contributor);  … - 2007
-founded macroeconometric framework. First, using Bayesian techniques, we estimate a medium scale closed economy DSGE for the euro area. Then …
Persistent link: https://www.econbiz.de/10003516705
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A quantitative perspective on optimal monetary policy cooperation between the US and the euro area
Adjemian, Stéphane (contributor);  … - 2008
) model for the United States (US) and the euro area (EA). The main features of the new open economy macroeconomics (NOEM) are …. Each country model incorporates the wide range of nominal and real frictions found in the closed-economy literature …
Persistent link: https://www.econbiz.de/10003750046
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Optimal monetary policy and the transmission of oil-supply shocks to the euro area under rational expectations
Adjemian, Stéphane; Darracq Pariès, Matthieu - 2008
This paper presents first the estimation of a two-country DSGE model for the euro area and the rest-of-the-world including relevant oil-price channels. We then investigate the optimal resolution of the policy tradeoffs emanating from oil-price disturbances. Our simulations show that the...
Persistent link: https://www.econbiz.de/10003803330