Adema, Yvonne - de Nederlandsche Bank - 2004
develop a modified Taylor rule based on (quasi-)real time data for the euro area. We find that modified Taylor rules based on … (quasi-)real time data and an interest rate smoothing term give a good description of monetary policy in the euro area during … using final data to estimate a Taylor rule, while in reality only (quasi-) real time data are available, does not lead to …