Arbeitspapier
Taylor rules for the euro area: the issue of real-time data
Recently, a number of studies have made an attempt to deal with the key issue of the incompleteness of information available to the central bank when taking its monetary policy decisions. This study adds to this literature by tackling the problem with regard to the euro area. The analysis is based on the simplistic assumption of the central bank following a simple monetary policy rule ?-la-Taylor. Along the lines of work suggested by Orphanides, the study tries to assess whether estimates of reaction functions which are carried out using revised data for the euro area can convey a misleading message in terms of policy recommendations.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Paper Series 1 ; No. 2004,37
- Klassifikation
-
Wirtschaft
Open Economy Macroeconomics
Central Banks and Their Policies
- Thema
-
Taylor Rules
Reaction Functions
Monetary Policy
Euro Area
Real Time Data
Taylor-Regel
Geldpolitik
Europäische Wirtschafts- und Währungsunion
Reaktionsfunktion
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Gerdesmeier, Dieter
Roffia, Barbara
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bundesbank
- (wo)
-
Frankfurt a. M.
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Gerdesmeier, Dieter
- Roffia, Barbara
- Deutsche Bundesbank
Entstanden
- 2004
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