Levieuge, Grégory; Penot, Alexis - HAL - 2008
evidence of a less reactive ECB? This observation can certainly reflect the preferences and then the strategy of the ECB. But …Compared with the U.S., the amplitude of the European monetary policy rate cycle is strikingly narrow. Is it an … the different interest rate setting. Therefore, they rely on the idea that both areas share the same monetary policy rule …