interest rate reaction functions based on a panel including actual EMU Member States. We find that exploiting the cross …-section dimen- sion of a multi-country panel and accounting for cross-country heterogeneity in advance of the single monetary policy … panel reaction function which is demonstrated to be a valuable tool for evaluating episodes of monetary policy since 1999. …

case of ARGARCH models, the approximation process chosen in this paper shows a better estimation of the stock price … development based on autoregressive models and, thus, more robust estimation results for the reaction to a regulatory change … because of the national process of governments' adjustments. Thus, the estimation results provide evidence that companies …

whether it helps to use the information that was available at the time in the choice of instruments in the estimation of the …, estimates of the present and forecasts, from OECD Economic Outlook and National Accounts. We set this up as a panel for the euro … time information in the estimation of the Phillips curve is in using forecasts made at the time to represent expectations …

-King, wavelets) as empirical measures of core money. The estimation results uniformly indicate that inflation and core money growth …