AGUIAR, ALVARO; MARTINS, MANUEL M.F. - In: Journal of Common Market Studies 43 (2005) 2, pp. 221-250
as the start date of a euro area notional policy regime, sustained later by the ECB. The policy preferences are estimated …The aim of this article is to uncover the aggregate monetary policy preferences in the euro area. This is pursued under … optimization problem. Instead of waiting for more quarterly data of ECB policy-making, the sample goes as far back as possible into …