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dc.contributor.authorELEFTHERIOU, Maria
dc.date.accessioned2019-07-15T08:49:13Z
dc.date.available2019-07-15T08:49:13Z
dc.date.issued2009
dc.identifier.citationEconomic modelling, 2009, Vol. 26, No. 5, pp. 946-960en
dc.identifier.issn0264-9993
dc.identifier.urihttps://hdl.handle.net/1814/63587
dc.description.abstractThe paper attempts to identify an empirical relationship that characterizes the way the Bundesbank adjusted its short-term rate with respect to various objectives. By building on a careful exploration of the properties of the variables involved, it is established that interest rate rules —often remarkably similar to the Taylor rule— remain valid and relevant in a Vector Error Correction framework, and thereby proposing a distinctive interpretation of German monetary policy during the period 1975–1998.en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.ispartofEconomic modellingen
dc.relation.replaceshttp://hdl.handle.net/1814/4912
dc.subjectCointegrationen
dc.subjectImpulse response analysisen
dc.subjectMonetary policyen
dc.subjectTaylor ruleen
dc.subjectVector error correction modelen
dc.subjectDeutsche Bundesbanken
dc.subjectC32en
dc.subjectE52en
dc.subjectE58en
dc.titleMonetary policy in Germany : a cointegration analysis on the relevance of interest rate rulesen
dc.typeArticleen
dc.identifier.doi10.1016/j.econmod.2009.03.003Get
dc.identifier.volume26en
dc.identifier.startpage946en
dc.identifier.endpage960en
dc.identifier.issue5en
dc.description.versionPublished part of EUI PhD thesis, 2006


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