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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...
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The British pound left the ERM on 16 September 1992 after a period of turbulence. UK monetary policy soon shifted to lower short interest rates, and an inflation target was announced. This paper uses daily option prices to estimate how the market's probability distribution of the future...
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, Sweden, served as an outlier. It restricted the spread of the virus primarily through voluntary measures rather than strict … lockdowns. In this study, we compare the health and economic outcomes in Sweden with those of comparable Western European …, Sweden managed to combine one of the lowest excess death rates with relatively small economic costs. Furthermore, Sweden …
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