Sahuc, Jean-Guillaume (contributor); … - 2007
.smets@ecb.int).
1
Abstract
Using two estimated models for the euro area and the United States, this paper in-
vestigates whether the … introduction of the euro in January 1999, the European Central Bank (ECB)
has moved its policy rate much less frequently than the … source of this difference using two New Keynesian
DynamicStochasticGeneralEquilibrium (DSGE) models for the euro area and the …