Gorter, Janko; Stolwijk, Fauve; Jacobs, Jan; Haan, Jakob de - de Nederlandsche Bank - 2010
analyse whether economic developments in individual euro area countries affect ECB decisions. Despite the diverging economic … developments in the countries in the euro area, notably during the recent financial crisis, we do not find support for the view … the period 1998.6-2010.8. We first examine whether the recent financial crisis has affected ECB policies. Our results …