Differences in Resilience Between the Euro‑Area and US Economies
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper is concerned with how stylised differences in monetary policy transmission mechanisms and product and labour market rigidities between the US and euro-area economies affect their resilience to temporary shocks. To address this issue, a small general equilibrium model with long-run neoclassical and short-run neo-Keynesian features is...
