The Taylor Rule and Interest Rates in the EMU Area

Stefan Gerlach () and Gert Schnabel

No 2271, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We demonstrate that average interest rates in the EMU countries in 1990-98, with the exception of the period of exchange market turmoil in 1992-93, moved very closely in relation to average output gaps and inflation as suggested by the Taylor rule.

Keywords: ECB; Taylor Rule (search for similar items in EconPapers)
JEL-codes: E5 (search for similar items in EconPapers)
Date: 1999-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (59)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=2271 (application/pdf)

Related works:
Journal Article: The Taylor rule and interest rates in the EMU area (2000)
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:cpr:ceprdp:2271

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=2271

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().