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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Ruth, Karsten | en |
dc.date.accessioned | 2009-01-28T15:59:00Z | - |
dc.date.available | 2009-01-28T15:59:00Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/19500 | - |
dc.description.abstract | As of today, estimating interest rate reaction functions for the Euro Area is hampered by the short time span since the conduct of a single monetary policy. In this paper we circumvent the common use of aggregated data before 1999 by estimating interest rate reaction functions based on a panel including actual EMU Member States. We find that exploiting the cross-section dimen- sion of a multi-country panel and accounting for cross-country heterogeneity in advance of the single monetary policy pays off with regard to the estimated reaction functions' ability to describe actual interest rate dynamics. We retrieve a panel reaction function which is demonstrated to be a valuable tool for evaluating episodes of monetary policy since 1999. | en |
dc.language.iso | eng | en |
dc.publisher | |aDeutsche Bundesbank |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aDiscussion Paper Series 1 |x2004,33 | en |
dc.subject.jel | E43 | en |
dc.subject.jel | E58 | en |
dc.subject.jel | C33 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Monetary Policy | en |
dc.subject.keyword | Reaction Function | en |
dc.subject.keyword | Euro Area | en |
dc.subject.keyword | Panel Data | en |
dc.subject.stw | Zinspolitik | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Reaktionsfunktion | en |
dc.subject.stw | Panel | en |
dc.subject.stw | Europäische Wirtschafts- und Währungsunion | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | EU-Staaten | en |
dc.title | Interest rate reaction functions for the euro area Evidence from panel data analysis | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 473007118 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bubdp1:2299 | en |
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