What Drives the European Central Bank's Interest-Rate Changes?
Publikation: Working paper › Forskning
Dokumenter
- CEPR DP8166
Indsendt manuskript, 165 KB, PDF-dokument
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.
Originalsprog | Engelsk |
---|---|
Udgivelsessted | London |
Udgiver | Centre for Economic Policy Research, CEPR |
Antal sider | 11 |
Status | Udgivet - 2010 |
Bibliografisk note
JEL classification: E43, E58
- Det Samfundsvidenskabelige Fakultet - ECB monetary policy, Taylor principle, Taylor rules
Forskningsområder
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ID: 32134041