Resource title

An impact of country-specific economic developments on ECB decisions

Resource image

image for OpenScout resource :: An impact of country-specific economic developments on ECB decisions

Resource description

The discussion about country-specific influence on the interest rate decisions of the European Central Bank does not cease. To investigate the possibility of regional influence on the determination of the policy rate, we estimate Taylor-type reaction functions for the period from 1999 to 2005 and include country-specific variables of the euro zone member states. We do not find convincing evidence that country-specific economic developments influence the decisions of the ECB Governing Council. However, the maximum inflation rate and the minimum economic sentiment of the euro area seem to have an effect on the decisions.

Resource author

Katrin Ullrich

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24504

Resource license

Adapt according to the presented license agreement and reference the original author.