Maih, Junior; Mazelis, Falk; Motto, Roberto; … - 2021
area (EA) and the US. The estimations show that until mid-2014 the ECB's response to inflation was more forceful when …We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro … inflation was above 2% than below 2%. Since then, the ECB's policy can be characterised as symmetric, and we quantify the …