ECB Repo Rate Setting During the Financial Crisis

I estimate a reaction function for the ECB using an ordered logit model for the period 1999-2009. Allowing for a smooth transition from one set of parameters to another, I detect a rapid change in middle of 2008.

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Year of publication:	2011-04
Authors:	Gerlach, Stefan
Institutions:	C.E.P.R. Discussion Papers
Subject:	ECB \| Ordered logit \| Reaction functions \| Smooth transition

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 8346
Classification:	C2 - Econometric Methods: Single Equation Models ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009003372