Brzoza-Brzezina, Michał; Kotłowski, Jacek; … - In: Applied Economics Letters 20 (2013) 2, pp. 142-146
We estimate forward-looking Taylor rules on data from macroeconomic forecasts of three central banks in order to determine the extent to which these banks are forward-looking. We find that all three banks are to some extent forward-looking, albeit to a varying degree. In general, the horizons...