ECB repo rate setting during the financial crisis
I estimate a reaction function for the ECB using an ordered logit model for the period 1999-2009. Allowing for a smooth transition from one set of parameters to another, I detect a rapid change in the middle of 2008.
Year of publication: |
2011
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Authors: | Gerlach, Stefan |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 112.2011, 2, p. 186-188
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Publisher: |
Elsevier |
Keywords: | ECB Reaction functions Ordered logit Smooth transition |
Saved in:
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