Jondeau, E.; Sahuc, J-G. - Banque de France - 2006
monetary policy. We build an optimizing-based multi-country model (MCM) describing the euro area in which differences between …This paper investigates the implications of cross-country heterogeneity within the euro area for the design of optimal … (AWM). We then question which model is the most appropriate for monetary policy purposes. Several results emerge. First …