Andersen, Torben M. (contributor); … - 2008
(2008).
3See, for instance, Smets and Wouters (2003) for an estimated Taylor rule for the euro
area, and Gal� and Gertler … parameters
for the euro area in Smets and Wouters (2003). The baseline values are i = 0:75, i = 4,
2i = 1, = 1, = 23 …