Optimal Monetary Policy in a Currency Area

By Pierpaolo Benigno. 2004

640 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1acee884e003408fe840db8325ee0198f198c96b

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In Economics and Econometrics

Citations in the corpus

The Patterns and Determinants of Price Setting in the Belgian Industry (2006, neutral): “In that case, it is still to be examined whether the implications of Aoki (2000) and Benigno (2004) for optimal monetary policy remain valid.”
Openness, Imperfect Exchange Rate Pass-Through and Monetary Policy (2002, neutral): “For example, in a twocountry set-up Benigno and Benigno (2001) have shown that a policy pursuing domestic price stability can be considered as the optimal outcome in a Nash game between the monetary authorities in two countries.”
An Estimated Stochastic Dynamic General Equilibrium Model of the Euro Area (2002, positive): “As discussed in Erceg, Henderson and Levin (2000) and Benigno (2000), one determinant of the relative weight is the relative degree of stickiness.”
What Measure of Inflation Should a Central Bank Target? (2003, background): “(3) Some sectors experience large idiosyncratic shocks, while other sectors do not.”
Optimal Monetary Stabilization Policy (2010, background): “87The two-sector model presented here also closely resembles the treatment of a two-country monetary union in Benigno (2004).”
Monetary Policy in a Monetary Union: What Role for Regional Information? (2008, background): “From a theoretical viewpoint, this choice is grounded in the two-country model of a monetary union in Benigno (2004) .”
Optimal Monetary and Fiscal Policy in a Currency Union (2005, background): “1 See, among others, Obstfeld and Rogoff (1995), Corsetti and Pesenti (2001), Benigno and Benigno (2003), Bacchetta and van Wincoop (2000), Devereux and Engel (2003), Pappa (2004), Kollmann (2001), Chari , Kehoe and McGrattan (2002). Only a subset of these contributions feature a role for a fiscal s”
The Macroeconomic Costs and Benefits of the EMU and Other Monetary Unions: An Overview of Recent Research (2010, positive): “Examples are Pierpaolo Benigno (2004), which is extended by Roel M. W. J. Beetsma and Henrik Jensen (2005) to include fiscal policy.”
THE TRANSMISSION OF MONETARY POLICY IN A MULTISECTOR ECONOMY (2009, neutral): “i=1 ζij(h j i,t) (θ−1)/θ !θ/(θ−1) , (9)”
Monetary and Fiscal Policy Interactions in a Micro-Founded Model of a Monetary Union (2005, background): “Hence, combining (4) and (6), the total demands for the goods h and f are”