The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro … offer some first weak support for an impact of regional divergence in ECB decision making. The results further clarify that … ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …

The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro … offer some first weak support for an impact of regional divergence in ECB decision making. The results further clarify that … ignoring a potential national perspective may lead to a serious bias in the estimation of ECB reaction functions. The paper …

do not find convincing evidence that country-specific economic developments influence the decisions of the ECB Governing …

before and after 1999 and between the two central banks. The second result is that the Fed seems to influence the ECB but not …

and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …

show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or …. Finally, we produce an estimate of the actual policy weights the ECB has implicitly attached to each of the member countries …. Developments in small member countries have received more than proportional weights in actual monetary policy decisions of the ECB. …

show that it depends upon the underlying country weighting scheme in the monetary decision process of the ECB whether or …. Finally, we produce an estimate of the actual policy weights the ECB has implicitly attached to each of the member countries …. Developments in small member countries have received more than proportional weights in actual monetary policy decisions of the ECB. …

The ECB's one size monetary policy is unlikely to fit all euro area members at all times, which raises the question of … between actual ECB interest rates and Taylor-rule implied optimal rates at the member state level. Optimal rates explicitly …

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 …

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 …