The Taylor Rule: A Useful Monetary Policy Benchmark for the Euro Area?
β Scribed by Gert Peersman; Frank Smets
- Book ID
- 108563943
- Publisher
- John Wiley and Sons
- Year
- 1999
- Tongue
- English
- Weight
- 447 KB
- Volume
- 2
- Category
- Article
- ISSN
- 1367-0271
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract The balance sheet channel of monetary policy working through the euro area corporate bond market is important, as shown by empirical results based on different methods for the first two and a half years since the introduction of the euro. The external finance premium on corporate bonds
## Abstract Previous euro area money demand studies have used aggregated national time series data from the countries participating in the European Monetary Union (EMU). However, aggregation may be problematic because macroeconomic convergence processes have taken place in the countries of interest