Cristadoro, Riccardo; Saporito, Giuseppe; Venditti, Fabrizio - In: Empirical Economics 44 (2013) 3, pp. 1065-1086
The ECB target is set in terms of the year on year growth rate of the euro area Harmonized Index of Consumer Prices. Nonetheless, a good deal of attention is given to national data by market analysts when they try to anticipate monetary policy moves. In this paper we use the Generalized Dynamic...