Siklos, Pierre L. (contributor); Bohl, Martin T. (contributor) - 2006 - Rev. Mar 2/07
apparent the year before the ECB took over
responsibility for monetary policy in the euro area. Prior to that time, interest … monetary policy in the euro area. Based on
full sample estimates, the ECB appears to react more aggressively to inflation and …
inflation and the output gap in the euro area before and since the ECB became solely
responsible for monetary policy in the …