Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/76355 
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper No. 891
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
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
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