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.
| Original language | English |
|---|---|
| Place of Publication | London |
| Publisher | Centre for Economic Policy Research, CEPR |
| Number of pages | 11 |
| Publication status | Published - 2010 |
Keywords
- Faculty of Social Sciences