Titlebook: Regional Aspects of Monetary Policy in Europe; Jürgen Hagen,Christopher J. Waller Book 2000 Springer Science+Business Media New York 2000

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1566-788X in the European Monetary Union (EMU) are moving to theforefront of the policy debate. Among these, one of the most criticalis how the new monetary union will cope with the large heterogeneityof its member economies. Given the large differences in economic andfinancial structures among the EMU member

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On the Asymmetric Impacts of a Common Monetary Policy in Europedifferences remain in structures, or in the national responses to policy changes, shocks, or other events, then it is inevitable that common policies — and a common monetary policy in particular — will have different impacts in different places. That could delay convergence, if not start to drive the union’s economies apart.

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National Monetary Policy by Regional Design: The Evolving Role of the Federal Reserve Banks in FederLike the ESCB’s Governing Council, the FOMC is the principal monetary policymaking committee of the Federal Reserve System. It consists of the seven members of the Board of Governors of the Federal Reserve System and the presidents of the twelve regional Federal Reserve Banks (though only five presidents may vote on policy at any one time).

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Monetary Policy and the U.S. States and Regions: Some Implications for European Monetary Unions will respond differently to the (common) actions of the European Central Bank. This paper seeks to draw lessons for the EMU by studying the size and sources of differential responses to monetary policy shocks in the U.S. states and regions..