Belke, Ansgar; Klose, Jens - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
We assess the differences that emerge in Taylor rule estimations for the ECB when using ex-post data instead of real …. First, the differences resulting from the use of ex-post and real time data per se and, second, the differences emerging … from the use of non-modified real time data instead of real-time data based forecasted values and vice versa. Since both …