Brissimis, Sophocles N.; Skotida, Ifigeneia - In: Journal of International Money and Finance 27 (2008) 2, pp. 209-226
This paper examines the optimal design of monetary policy in the European monetary union in the presence of structural asymmetries across union member countries. It derives analytically an optimal interest rate rule under commitment and studies the dependence of its coefficients on the...
