Clarida, Richard H.; Gali, Jordi; Gertler, Mark - National Bureau of Economic Research (NBER) - 1997
This paper reports estimates of monetary policy reaction functions for two sets of" countries: the G3 (Germany, Japan … inflation targeting which may account for the broad success of monetary policy in those countries over this time" period. The … lagged inflation. As for the E3 emergence of the influenced by German" monetary policy. Further, using the Bundesbank …