Behind closed doors: Revealing the ECB’s Decision Rule

This paper aims at discovering the decision rule the Governing Council of the ECB uses to set interest rates. We construct a Taylor rule for each member of the council and for the euro area as a whole, and aggregate the interest rates they produce using several classes of decision-making mechanisms:...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 35-2011)
Main Authors:	Hayo, Bernd, Méon, Pierre-Guillaume
Format:	Work
Language:	English
Published:	Philipps-Universität Marburg 2011
Subjects:	Monetary Policy Committee Wirtschaft European Central Bank Decision rules. Economics
Online Access:	PDF Full Text
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