The complexity resulting from intertwined uncertainties regarding model misspecification and mismeasurement of the … of robust policy guides aiming to maintain stability in the economy while recognizing this complexity. We document … simple interest rate rule is employed to interpret ECB policy since 1999. An evaluation of alternative policy rules across 11 …

ECB? How activist should a central bank be in tackling perceived asset price misalignments? Does the ECB's monetary …

(ECB) to study optimal monetary policy in the Euro area (for instance Smets and Wouters, 2004a, 2004b) typically assume … price shocks. Two-country models exist at the ECB (e.g. de Walque, Smets, Wouters, 2005) but they overlook asset price … remained true for the ECB, at least so far. Using closed economy models to analyze monetary policy in the Euro is thus …

public. Using the case of the European Central Bank (ECB), the paper analyses the favorableness with which monetary policy … information communicated by the ECB. There are, however, also indications of a critical monitoring role assumed by the media …, which tends to report more negatively on ECB policy decisions when inflation exceeds the inflation target. …