Publikationsserver
Optimal Monetary Policy in a Currency Union: The Role of the Cost Channel
In this paper we introduce the cost channel of monetary policy (e.g., Ravenna and Walsh, 2006) into an otherwise standard New Keynesian model of a two-country monetary union, which is being hit by aggregate, asymmetric and idiosyncratic shocks. The single central bank implements the optimal disc...
Wedi'i Gadw mewn:
| Cyhoeddwyd yn: | MAGKS - Joint Discussion Paper Series in Economics (Band 03-2012) |
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| Prif Awdur: | |
| Fformat: | Arbeit |
| Iaith: | Saesneg |
| Cyhoeddwyd: |
Philipps-Universität Marburg
2012
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MAGKS - Joint Discussion Paper Series in Economics