Fourçans, André; Vranceanu, Radu - ESSEC Business School - 2006
This paper analyses the European Central Bank (ECB) monetary policy over the period 1999-2005, both from a qualitative … information conveyed by various speeches of the central bank officers, mainly the President of the ECB, Jean-Claude Trichet. The … quantitative analysis provides several estimates of what could have been the ECB and Fed interest rate rules. It also develops a …