ECB MONETARY POLICY CONSISTENCY AND INTERBANK INTEREST RATES FORECASTS
The European Central Bank has often declared that it has two main monetary policy tools: the official interest rate (Repo) and its communications to the public (the monthly President’s Conferences above all). In this paper an ECB’s reaction function formed by a system of two non-linear equatio...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2011-03-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | http://www.utgjiu.ro/revista/ec/pdf/2011-01/2_GIOVANNI_VERGA.pdf |