Asymmetry and the problem of aggregation in the Euro area

Empirica

Volumn 29, Issue 1, 2002, Pages 47-73

  Mayes, David G ^a   Viren, Matti ^a  

^a BANK OF FINLAND   (Finland)

Author keywords

Aggregation; Asymmetry; Monetary policy; Nonlinear models; Okun curve; Phillips curve

Indexed keywords

AGGREGATION; EUROPEAN UNION; MONETARY UNION; OECD; UNEMPLOYMENT;

EUROPE;

EID: 0036111112     PISSN: 03408744     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1014681414484     Document Type: Article

References (76)

1. Formulation and estimation of stochastic frontier production functions
2. The European Central Bank: Reshaping monetary politics in Europe
3. Okun's law, cointegration and gap variables
4. Persistent trade effects of large exchange rate shocks
5. What determines the sacrifice ratio
6. Relative price changes as aggregate supply shocks
7. Does fiscal policy matter?
8. The persistence of unemployment
9. A dynamic model of aggregate supply, factor demand and entry and exit for a competitive industry with heterogeneous plants
10. Asymmetry in the US output-inflation nexus: Issues and evidence
11. Is the Phillips curve really a curve? Some evidence for Canada, the United Kingdom and the United States
12. Immediate challenges for the European Central Bank
13. Empirical evidence on the strength of the monetary transmission mechanism in Canada
14. Optimum currency areas as applied to Canada and the United States
15. Nonlinearities in the output-inflation relationship: Some empirical results from Canada
16. The stability pact: More than a minor nuisance?
17. Hazards in implementing a monetary conditions index
18. The "plucking model" of business fluctuations revisited
19. Inflation dynamics: A structural econometric analysis
20. The time varying NAIRU and its implications for economic policy
21. Will a common European monetary policy have asymmetric effects?
22. Gross job flows between plants and industries
23. Testing for linearity
24. Friedman's plucking model of business fluctuations: Tests and estimates of permanent and transitory components
25. Monetary policy reaction functions and the saving investment correlations: Some cross-country evidence
26. Is the EMU a viable common currency area? A VAR analysis of regional business cycles
27. Asymmetric effects of economic activity on inflation
28. Problems in identifying nonlinear phillips curves: Some further consequences of mismeasuring potential output
29. Sectoral shifts and cyclical unemployment
30. Expectations and the neutrality of money
31. Some international evidence on output-inflation tradeoffs
32. Asymmetries in housing and financial market institutions and EMU
33. The costs and benefits of disinflation: A critique of the sacrifice ratio
34. The exchange rate and monetary conditions in the Euro Area
35. Exchange rate considerations in a small open economy: A critical look at the MCI as a possible solution
36. The channels of monetary transmission: Lessons for monetary policy
37. A cross country comparison of Okun's coefficient
38. Asymmetric shocks
39. Potential GDP: Its measurement and significance
40. Okun's law and the asymmetric and changing cyclical behaviour of the US economy
41. Phillips curves, expectations of inflation and optimal inflation over time
42. The relationship between unemployment and the rate of change of money wage rates in the United Kingdom, 1861-1957
43. Okun's law: Theoretical foundations and revised estimates
44. The nonlinearity of the Phillips curve and European monetary policy
45. Price rigidities and market structure
46. Reflections on the natural rate hypothesis
47. A model of common monetary policy
48. Discretion versus policy rules in practice
49. Interest rates and policy reactions: Some international evidence
50. Optimal contracts for central bankers
51. Cyclical output, cyclical unemployment and Okun's coefficient: A new approach
52. Downward rigidity and monetary policy