Please use this identifier to cite or link to this item:
De Grauwe, Paul
Sénégas, Marc-Alexandre
Year of Publication: 
Series/Report no.: 
CESifo Working Paper 891
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about national economies in the formulation of optimal monetary policies in a monetary union.
Document Type: 
Working Paper

Files in This Item:

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.