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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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| 发表在: | MAGKS - Joint Discussion Paper Series in Economics (Band 35-2011) |
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| Autoren: | , |
| 格式: | Arbeit |
| 语言: | 英语 |
| 出版: |
Philipps-Universität Marburg
2011
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| 主题: | |
| 在线阅读: | PDF-Volltext |
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MAGKS - Joint Discussion Paper Series in Economics