Title: Do asymmetries matter for European monetary policy?
Authors: Aksoy, Yunus ×
De Grauwe, Paul
Dewachter, Hans #
Issue Date: Mar-2002
Publisher: Elsevier science bv
Series Title: European economic review vol:46 issue:3 pages:443-469
Abstract: In this paper we analyze the impact of economic and institutional (ECB decision rules) asymmetries on the effectiveness of monetary policy in Euroland. We consider a model where asymmetric shocks and divergent propagation of shocks in output and inflation are potential causes of tensions within the ECB concerning the conduct of common monetary (interest rate) policy. Welfare implications of the alternative decision procedures are discussed. (C) 2002 Elsevier Science B.V. All rights reserved.
ISSN: 0014-2921
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center of International Economics, Leuven
Department of Economics, Leuven - miscellaneous
× corresponding author
# (joint) last author

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