Belke, Ansgar; Polleit, Thorsten - 2006
positive.
In practice, it is usually observed that, especially since the early 1990s, central banks world-
wide tend to move …-month money market
rates (ISR_EU and ISR_US). Euro area inflation is measured by the year-on-year percentage
change in the … harmonised index of consumer prices for the euro area (D4LNCPI_EU). US
inflation is calculated on the basis of the consumer price …