Cookies?
Library Header Image
LSE Research Online LSE Library Services

Do asymmetries matter for European monetary policy?

Aksoy, Yunus and de Grauwe, Paul and Dewachter, Hans (2002) Do asymmetries matter for European monetary policy? European Economic Review, 46 (3). pp. 443-469. ISSN 0014-2921

Full text not available from this repository.

Identification Number: 10.1016/S0014-2921(01)00160-X

Abstract

In this paper we analyze the impact of economic and institutional (ECB decision rules) asymmetries on the effectiveness of monetarypolicy 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.

Item Type: Article
Official URL: http://www.journals.elsevier.com/european-economic...
Additional Information: © 2002 Elsevier
Subjects: H Social Sciences > HG Finance
J Political Science > JZ International relations
Sets: Departments > European Institute
Collections > Economists Online
Date Deposited: 05 Oct 2012 08:39
Last Modified: 05 Oct 2012 08:39
URI: http://eprints.lse.ac.uk/id/eprint/46562

Actions (login required)

View Item View Item