How useful are monetary policy rules to deal with inflation: The Spanish case

Carmen Diaz-Roldan and Alberto Montero Soler ()
Additional contact information
Alberto Montero Soler: Universidad de Málaga

No E2004/63, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: The role of monetary policy rules to explain the behaviour of central banks has received an increasing attention during the last few years. The Spanish case could be of interest given that, with an inflation above the European average, was able to conduct its monetary policy and to control the inflation in order to join the European monetary union. But after the adoption of the European Central Bank’s monetary policy in January 1999, a higher inflation can be observed. In this paper we explore whether the monetary policy performed by the Bank of Spain would have follow a monetary policy rule, and to which extent monetary rules contribute to achieve the goal of inflation.

Keywords: Monetary policy rules; inflation. (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2004
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://public.centrodeestudiosandaluces.es/pdfs/E200463.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cea:doctra:e2004_63

Access Statistics for this paper

More papers in Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces c/ Bailén 50. 41001 Sevilla. Contact information at EDIRC.
Bibliographic data for series maintained by Susana Mérida ( this e-mail address is bad, please contact ).