Monetary policy dynamics in the Euro area
Details
Serval ID
serval:BIB_AD57DE07AC22
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Monetary policy dynamics in the Euro area
Journal
Economics Letters
Publication state
Published
Issued date
07/2007
Peer-reviewed
Oui
Volume
96
Number
1
Pages
97-102
Language
english
Abstract
We investigate identification issues in estimated Taylor rules. Embedding two alternative views about monetary policy, inertia versus serially correlated shocks, in a single equation, we show that using euro data, it is impossible to discriminate between these two competing representations.
Create date
16/01/2012 12:00
Last modification date
20/08/2019 16:17