Gomes, Sandra; Jacquinot, Pascal; Lozej, Matija - 2023
responses even to a common shock. We augment a multi-country model of the euro area with search and matching framework that … expansionary demand shock and to an inflationary supply shock under the Taylor rule, asymmetric unemployment targeting, and average … inflation targeting. For each rule we distinguish between cases with zero weight on the unemployment gap and a negative response …