Eschenhof, Sabine (2009):
Standard Taylor rules revisited - A cross country study for European countries.
In: Darmstadt Discussion Papers in Economics, 196, Darmstadt, [Report]
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Item Type: | Report |
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Title: | Standard Taylor rules revisited - A cross country study for European countries |
Language: | English |
Abstract: | In this paper we want to estimate basic Taylor rules with a cross country study approach for European countries before the reorganization of the system of central banks. We compare basic and extended Taylor rules to give a hint if the exchange rate plays a significant role in the decision making of monetary policy. Fixed Effects, GMM and SGMM estimators are used to check for robustness. The obtained results adumbrate that there may be an influence of exchange rate changes on the monetary policy decision making process but the results are not fully robust and deliver only a weak tendency. |
Series: | Darmstadt Discussion Papers in Economics |
Series Volume: | 196 |
Place of Publication: | Darmstadt |
Uncontrolled Keywords: | Cross Country Study, Taylor Rules, Exchange Rate, FE Estimation, SGMM Estimation |
Classification DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
Divisions: | 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Economic Theory 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics |
Date Deposited: | 14 Jan 2010 14:24 |
Last Modified: | 26 Jan 2016 15:04 |
URN: | urn:nbn:de:tuda-tuprints-47306 |
Additional Information: | JEL - Classification: C32, E52, F31 |
URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/4730 |
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