EconPapers    
Economics at your fingertips  
 

Asymmetric Shocks and Monetary Policy in a Currency Union

Philip Lane

Scandinavian Journal of Economics, 2000, vol. 102, issue 4, 585-604

Abstract: We analyze the conduct of monetary policy in a currency union in the face of asymmetric shocks. In particular, we compare the stabilization properties of a currency union versus alternative exchange rate arrangements. The relative performance of a currency union is shown to depend on the extent of economic integration in patterns of consumption and production and on the relative weights placed on price stability versus employment stability in the monetary authority's objective function. JEL classification: F33; F40

Date: 2000
References: Add references at CitEc
Citations: View citations in EconPapers (36) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/1467-9442.00216

Related works:
Working Paper: Asymmetric Shocks and Monetary Policy in a Currency Union (1999) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:scandj:v:102:y:2000:i:4:p:585-604

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0347-0520

Access Statistics for this article

Scandinavian Journal of Economics is currently edited by Richard Friberg, Matti Liski and Kjetil Storesletten

More articles in Scandinavian Journal of Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2019-11-14
Handle: RePEc:bla:scandj:v:102:y:2000:i:4:p:585-604