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Persistent link: https://www.econbiz.de/10001605308
This paper estimates standard and extended Taylor rules for core countries in the euro area, namely France, Germany and Italy, as well as for the ECB. Forward, backward and forecast-based rules are estimated for a variety of samples since the late 1970s. We are particularly interested in the...
Persistent link: https://www.econbiz.de/10010295649
überregionalen Zeitungen Globe and Mail und Financial Post, die sich mit der Bank von Kanada sowie der Geldpolitik allgemein befassen … henceforth be able to assess more easily monetary policy performance based on the Bank of Canada's record at achieving low and … stable inflation. An obvious question then is to ascertain whether in fact, as the Governor the Bank stated recently …
Persistent link: https://www.econbiz.de/10010295696
providing some new findings. In particular, we ask whether the Bundesbank, prior to the European Central Bank taking …
Persistent link: https://www.econbiz.de/10010295762
This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro area, using both final revised data and real-time data. We are particularly interested in the impact of adding asset prices to the standard Taylor rule specification. Since...
Persistent link: https://www.econbiz.de/10010296350
international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …
Persistent link: https://www.econbiz.de/10010298759
international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …
Persistent link: https://www.econbiz.de/10010303730
international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine … policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of …
Persistent link: https://www.econbiz.de/10011605066
Persistent link: https://www.econbiz.de/10011695617
This paper outlines important lessons for monetary policy. In particular, the role of inflation targeting, which was much acclaimed prior to the financial crisis and since then has not lost much of its endorsement, is critically reviewed. Ignoring the relation between monetary policy and asset...
Persistent link: https://www.econbiz.de/10010308567