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This paper estimates standard and extended Taylor rules for core countries in the euro area, namely France, Germany and Italy, as well as for the ECB. Forward, backward and forecast-based rules are estimated for a variety of samples since the late 1970s. We are particularly interested in the...
Persistent link: https://www.econbiz.de/10010295649
überregionalen Zeitungen Globe and Mail und Financial Post, die sich mit der Bank von Kanada sowie der Geldpolitik allgemein befassen … henceforth be able to assess more easily monetary policy performance based on the Bank of Canada's record at achieving low and … stable inflation. An obvious question then is to ascertain whether in fact, as the Governor the Bank stated recently …
Persistent link: https://www.econbiz.de/10010295696
providing some new findings. In particular, we ask whether the Bundesbank, prior to the European Central Bank taking …
Persistent link: https://www.econbiz.de/10010295762
This paper estimates forward-looking and forecast-based Taylor rules for France, Germany, Italy, as well as the euro area, using both final revised data and real-time data. We are particularly interested in the impact of adding asset prices to the standard Taylor rule specification. Since...
Persistent link: https://www.econbiz.de/10010296350
The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professionals and academic economists who … provide a separate policy rate recommendation in advance of the central bank's announcement. We explore differences between …
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