Eleftheriou, Maria; Gerdesmeier, Dieter; Roffia, Barbara - European Central Bank - 2006
encompasses eleven EMU countries. In particular, Taylor type interest rate rules are estimated with monthly national data to find … Monetary Union, there is no clear agreement regarding the monetary policy pursued in the member countries during the … the monetary policy authorities and, in addition, it is shown that in most cases the estimated rules reproduce the policy …