Barrell, Ray (contributor); Dury, Karen (contributor); … - 1999 - [Elektronische Ressource]
discuss their implications for the ECB.
Key Words : Taylor rules, Inflation targeting, Monetary policy, feedback rules,
Note … investigate out-turns for monetary and fiscal policy in Europe, and
discuss the targeting strategies available to the ECB.
3 The … ECB should follow such a rule where the response
coefficient on the inflation target is greater than one. However a recent …