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The EU and the US confront distinct factor market dynamics and common policy challenges. Labor market developments and …
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The EU and the U.S. confront distinct factor market dynamics and common policy challenges. Labor market developments …
Persistent link: https://www.econbiz.de/10013521217
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of 2007/08 was not really a surprise -, and the five key requirements for restoring stability and efficiency in the EU …
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We use a version of the New Area-Wide Model (NAWM) developed at the ECB in order to quantify the gains from monetary policy cooperation. The model is calibrated in order to match a set of empirical moments. We then derive the cooperative and (open-loop) Nash monetary policies, assuming that the...
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