Poilly, Céline (contributor); … - 2008
optimal monetary policy applications.
4
country-speci�c or asymmetric shock may require a change in the real exchange rate … the role of labor markets heterogeneity in a monetary union and especially
what are the welfare gains/costs of labor … that (i)
the way the monetary authorities conduct their policy has negligible welfare e�ects but (ii) the size of
a country …