Gorter, Janko; Stolwijk, Fauve; Jacobs, Jan; Haan, Jakob de - de Nederlandsche Bank - 2010
We estimate Taylor rule models for the euro area using Consensus Economics forecasts of inflation and output growth for the period 1998.6-2010.8. We first examine whether the recent financial crisis has affected ECB policies. Our results indicate that the ECB puts stronger emphasis on...