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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:...
Αποθηκεύτηκε σε:
| Εκδόθηκε σε: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2011) |
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| Κύριοι συγγραφείς: | , |
| Μορφή: | Arbeit |
| Γλώσσα: | Αγγλικά |
| Έκδοση: |
Philipps-Universität Marburg
2011
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| Θέματα: | |
| Διαθέσιμο Online: | Πλήρες κείμενο PDF |
| Ετικέτες: |
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MAGKS - Joint Discussion Paper Series in Economics