Rotondi, Zeno; Vaciago, Giacomo - Dipartimenti e Istituti di Scienze Economiche, … - 2007
(after the German Unification: 1990-1998) in order to test the hypothesis of an ECB with “Bundesbank’s preferences” put …This paper compares the European Central Bank’s conduct of monetary policy (1999-2005) with that of the Bundesbank … monetary policy reaction functions show that the continuation of the former Bundesbank regime is supported by the data. Given …