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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19500Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Ruth, Karsten | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T07:05:18Z | - |
| dc.date.available | 2013-10-16T07:05:18Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | http://hdl.handle.net/10419/19500 | - |
| dc.identifier | ppn:473007118 | - |
| dc.identifier | RePEc:zbw:bubdp1:2299 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19500 | - |
| dc.description | 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. | - |
| dc.language | eng | - |
| dc.relation | Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,33 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | E43 | - |
| dc.subject | E58 | - |
| dc.subject | C33 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Monetary Policy | - |
| dc.subject | Reaction Function | - |
| dc.subject | Euro Area | - |
| dc.subject | Panel Data | - |
| dc.subject | Zinspolitik | - |
| dc.subject | Geldpolitik | - |
| dc.subject | Reaktionsfunktion | - |
| dc.subject | Panel | - |
| dc.subject | Europäische Wirtschafts- und Währungsunion | - |
| dc.subject | Schätzung | - |
| dc.subject | EU-Staaten | - |
| dc.title | Interest rate reaction functions for the euro area Evidence from panel data analysis | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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