Fischer, B.; Lenza, M.; Pill, H.; Reichlin, L. - In: Journal of International Money and Finance 28 (2009) 7, pp. 1138-1164
This paper assesses the practical experience of monetary analysis at the ECB from the introduction of the euro in 1999 through 2006. The paper exploits a unique and rich real-time data set, containing both the vintages of data and the economic models that have been employed in the ECB's monetary...