Claussen, Volker - In: Journal of Economics and Statistics (Jahrbuecher fuer … 222 (2002) 1, pp. 1-21
his paper reviews the literature on asymmetric monetary transmission within the European Monetary Union (EMU). At first, a stylized model is presented in order to highlight the importance of asymmetric monetary transmission for the decision-making of the European Central Bank (ECB). The...
