Dubois, Emmanuel (contributor); … - 2007
-averse European Central Bank (ECB) would be unable to lead any
stabilization policy. In other words, the strengthened credibility of … since 1999, we compare
them with the actual rate set by the ECB. For an illustrative purpose, we focus on French
and German … over time. In other words, the monetary policy bias of the ECB has been
an expansionary one according to the Taylor rule …