What Drives the European Central Bank's Interest-Rate Changes?
Research output: Working paper › Research
Documents
- CEPR DP8166
Submitted manuscript, 165 KB, PDF document
We show that the ECB's interest rate changes during 1999-2010 have been mainly driven by changes in economic activity in the Euro area. Changes in actual or expected future HICP inflation play a minor, if any, role.
Original language | English |
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Place of Publication | London |
Publisher | Centre for Economic Policy Research, CEPR |
Number of pages | 11 |
Publication status | Published - 2010 |
- Faculty of Social Sciences
Research areas
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ID: 32134041