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1. 1. To each his own: the weighting schemes of monetary policy. A DSGE scenario analysis of the Euro Area and its Members

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Alberto Venturin; [2018]
   Keywords : New Keynesian DSGE; Taylor Rule; open economy; policy weights; currency union;

   Abstract : In this thesis, the role of different weighting schemes applied by a central bank to the members of a currency union in the conduction of monetary policy is analyzed. The analysis is conducted by embedding the coefficients of a Taylor rule, estimated by GMM on Euro Area data, in the two-country, open economy DSGE model developed in Erceg and Lindé (2013). READ MORE