Analysis of Fiscal Rules in the European Monetary Union
نویسندگان
چکیده
منابع مشابه
Monetary and Fiscal Policy in the European Monetary Union
The introductory phase of the European Monetary Union (EMU) ended with the introduction of the euro currency in 2002. We present a review of the experiences with the new monetary union. Using a Taylor rule, we analyze the conduct of monetary policy by the European Central Bank (ECB). The empirical results suggest that the ECB applies similar weights to inflation and the output gap as the Bundes...
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ژورنال
عنوان ژورنال: Journal of Central Banking Theory and Practice
سال: 2015
ISSN: 2336-9205
DOI: 10.1515/jcbtp-2015-0002