Sturm, Jan-Egbert; Wollmershäuser, Timo - CESifo - 2008
This paper estimates forward-looking Taylor rules for the euro area. Using the asymmetries in inflation and cyclical … output developments across countries, we investigate the adequacy of the single monetary policy for each of the European … Monetary Union (EMU) member countries. Notable differences emerge across the countries. Taking a euro area perspective, we also …