Abstract
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 |
Emneord
- Det Samfundsvidenskabelige Fakultet
- ECB monetary policy
- Taylor principle
- Taylor rules