Levieuge, Grégory; Penot, Alexis - Groupe d'Analyse et de Théorie Économique Lyon … - 2008
Compared with the U.S., the amplitude of the European monetary policy rate cycle is strikingly narrow. Is it an evidence of a less reactive ECB? This observation can certainly reflect the preferences and then the strategy of the ECB. But its greater inertia must also be assessed in the light of...