Arbeitspapier
Optimum Currency Areas Under Inflation Targeting
Several countries face the choice between targeting inflation independently or entering a monetary union that targets inflation. The present paper extends the theory of optimum currency areas to deal with this choice. In contrast to the conventional theory, countries are shown to form more of an optimum currency area the more asymmetric supply shocks are.
- ISBN
-
82-7553-148-9
- Language
-
Englisch
- Bibliographic citation
-
Series: Arbeidsnotat ; No. 1999/10
- Classification
-
Wirtschaft
Monetary Policy
International Monetary Arrangements and Institutions
International Policy Coordination and Transmission
- Subject
-
monetary union
common currency
asymmetric shocks
output stability
- Event
-
Geistige Schöpfung
- (who)
-
Røisland, Øistein
Torvik, Ragnar
- Event
-
Veröffentlichung
- (who)
-
Norges Bank
- (where)
-
Oslo
- (when)
-
1999
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Røisland, Øistein
- Torvik, Ragnar
- Norges Bank
Time of origin
- 1999
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