Sturm, Jan-Egbert (contributor); … - 2008
monetary policy cannot be observed in the 1999-2006 period,
i.e. the period under investigation. In theory, an optimal monetary … results for the euro area Taylor rule, 1999–2006
has no significant impact on the estimates of the remaining parameters, we … the value for the nominal neutral rate simply reflects the
average nominal refinancing rate over the 1999-2006 period, it …