This paper estimates standard and extended Taylor rules for core countries in the euro area, namely France, Germany and …

This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro …?s monetary policy resembles that of any particular euro area core country, as well as asking what interest rates would have been … like in the core countries had the ECB conducted monetary policy prior to 1999. Finally, while estimation using real …