Gorter, Janko; Stolwijk, Fauve; Jacobs, Jan; Haan, Jakob de - de Nederlandsche Bank - 2010
We estimate Taylor rule models for the euro area using Consensus Economics forecasts of inflation and output growth for … analyse whether economic developments in individual euro area countries affect ECB decisions. Despite the diverging economic … developments in the countries in the euro area, notably during the recent financial crisis, we do not find support for the view …