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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:...
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| Publié dans: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2011) |
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| Auteurs principaux: | , |
| Format: | Arbeit |
| Langue: | anglais |
| Publié: |
Philipps-Universität Marburg
2011
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| Sujets: | |
| Accès en ligne: | Texte intégral en PDF |
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MAGKS - Joint Discussion Paper Series in Economics