Title
Monetary policy in the euro-area: an analysis using stylized New-Keynesian model Monetary policy in the euro-area: an analysis using stylized New-Keynesian model
Author
Faculty/Department
Faculty of Applied Economics
Publication type
report
Publication
Antwerp :UA, [*]
Subject
Economics
Source (series)
Research paper / UA, Faculty of Applied Economics ; 2005:32
Volume/pages
32 p.,
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
This paper analyses monetary policy in the Euro-Area using a stylized new-Keynesian model. A number of issues are focused upon: (i) optimal monetary policy under commitment and discretion, (ii) a comparison of optimal monetary policies and ad-hoc monetary policies, (iii) the effects of fiscal policies and foreign variables on monetary policy in the model. Using numerical simulations, it is analyzed how these aspects affect monetary policy of the ECB in particular and macro economic fluctuations in the Euro-Area in general.
Full text (open access)
https://repository.uantwerpen.be/docman/irua/140091/e947876a.pdf
Handle