Monetary policy in Germany: A cointegration analysis on the relevance of interest rate rules

dc.contributor.author	Eleftheriou, Maria
dc.date.accessioned	2024-02-09T10:10:45Z
dc.date.available	2024-02-09T10:10:45Z
dc.date.issued	2009-09
dc.identifier.citation	Eleftheriou, M. (2009). Monetary policy in Germany: A cointegration analysis on the relevance of interest rate rules. Economic Modelling, 26(5), 946-960.	es
dc.identifier.issn	Print ISSN: 0264-9993
dc.identifier.issn	Online ISSN: 1873-6122
dc.identifier.uri	https://hdl.handle.net/10115/30221
dc.description.abstract	The 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.	es
dc.language.iso	eng	es
dc.publisher	Elsevier	es
dc.subject	Cointegration	es
dc.subject	Impulse response analysis	es
dc.subject	Monetary policy	es
dc.subject	Taylor rule	es
dc.subject	Vector error correction model	es
dc.subject	Deutsche Bundesbank	es
dc.title	Monetary policy in Germany: A cointegration analysis on the relevance of interest rate rules	es
dc.type	info:eu-repo/semantics/article	es
dc.identifier.doi	10.1016/j.econmod.2009.03.003	es
dc.rights.accessRights	info:eu-repo/semantics/restrictedAccess	es