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in an estimated DSGE model of euro area. We then analyse its impact on optimal monetary policy and investigate the …
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. Our results show that given the current degree of openness of the US and euro area economies, the gains from monetary …
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developments in the euro area since the start of EMU. …
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) model for the United States (US) and the euro area (EA). The main features of the new open economy macroeconomics (NOEM) are …
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