Maih, Junior; Mazelis, Falk; Motto, Roberto; … - 2021
area (EA) and the US. The estimations show that until mid-2014 the ECB's response to in ation was more forceful when in … ation was above 2% than below 2%. Since then, the ECB's policy can be characterised as symmetric, and we quantify the …We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro …