Gerdesmeier, Dieter; Mongelli, Francesco; Roffia, Barbara - In: Comparative Economic Studies 52 (2010) 4, pp. 549-574
In this paper we compare the policy responsiveness of the Federal Reserve System, the European Central Bank, the Bank of Japan and the Bank of England. At first glance we find substantial differences in the frequency and amplitude of monetary policy decisions. Differences in the actual...