Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - 2008
. Our results show that given the current degree of openness of the US and euro area economies, the gains from monetary … openness of the US and euro area
economies, the gains from monetary policy coordination are small, amounting to 0.03 percent
of … New Area-Wide Model of the European Central Bank, designed
to describe the salient features of the euro-area and the US …