Showing 1 - 10 of 3,789
The ECB's one size monetary policy is unlikely to fit all euro area members, which raises a discussion about how much … ECB interest rates and Taylor-rule implied optimal rates at the member state level. Optimal rates explicitly take into …
Persistent link: https://www.econbiz.de/10010483271
actually implementing interest rate changes. The method is applied to ECB rate setting between 1999 and 2010 by estimating a … delivers a less aggressive policy rule as the ECB was constrained by the lower bound on nominal interest rates. The ECB's non …
Persistent link: https://www.econbiz.de/10011596320
This paper estimates the forward-looking monetary policy reaction function of the Central Bank of Tunisia (CBT) using quarterly data from 1993:Q2 to 2011:Q4. Policies which the CBT applied are analyzed according to the Taylor rule. The empirical results indicate that the CBT followed the Taylor...
Persistent link: https://www.econbiz.de/10010934734
This paper uses time-series data from India and tests for asymmetries in policy preferences of the Reserve Bank of India (the Central Bank of India, hereafter RBI). The results show evidence in favour of preference asymmetries in monetary policy reaction function in India and hence...
Persistent link: https://www.econbiz.de/10011965222
Monetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also … show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or … not there has been a synchronisation of business and inflation cycles among the EMU member countries over the years …
Persistent link: https://www.econbiz.de/10010264325
do not find convincing evidence that country-specific economic developments influence the decisions of the ECB Governing …
Persistent link: https://www.econbiz.de/10010297820
and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …
Persistent link: https://www.econbiz.de/10010299102
EuropeanMonetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also … show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or … not there has been a synchronisation of business and inflation cycles among the EMU member countries over the years …
Persistent link: https://www.econbiz.de/10010277748
and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …
Persistent link: https://www.econbiz.de/10008533521
Monetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also … show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or … not there has been a synchronisation of business and inflation cycles among the EMU member countries over the years …
Persistent link: https://www.econbiz.de/10005406450