{"title":"货币联盟中的最优货币政策:对经济周期的影响","authors":"M. Pedram","doi":"10.1111/j.1753-0237.2010.00183.x","DOIUrl":null,"url":null,"abstract":"The difficulties of a common monetary policy in an economic and monetary union are well known where there are differences between the stage of the business cycles and inflation pressures. In this paper, I will show that in a simple open macro model and by using weighted mean mechanism monetary authorities can employ a common monetary policy to synchronise diverging business cycles in the member states.","PeriodicalId":103205,"journal":{"name":"Wiley-Blackwell: OPEC Energy Review","volume":"13 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"Optimal Monetary Policy in the Monetary Union: Effects on Business Cycles\",\"authors\":\"M. Pedram\",\"doi\":\"10.1111/j.1753-0237.2010.00183.x\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The difficulties of a common monetary policy in an economic and monetary union are well known where there are differences between the stage of the business cycles and inflation pressures. In this paper, I will show that in a simple open macro model and by using weighted mean mechanism monetary authorities can employ a common monetary policy to synchronise diverging business cycles in the member states.\",\"PeriodicalId\":103205,\"journal\":{\"name\":\"Wiley-Blackwell: OPEC Energy Review\",\"volume\":\"13 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-03-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Wiley-Blackwell: OPEC Energy Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1111/j.1753-0237.2010.00183.x\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Wiley-Blackwell: OPEC Energy Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1111/j.1753-0237.2010.00183.x","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Optimal Monetary Policy in the Monetary Union: Effects on Business Cycles
The difficulties of a common monetary policy in an economic and monetary union are well known where there are differences between the stage of the business cycles and inflation pressures. In this paper, I will show that in a simple open macro model and by using weighted mean mechanism monetary authorities can employ a common monetary policy to synchronise diverging business cycles in the member states.