| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061821 | Economics Letters | 2008 | 4 Pages |
Abstract
The European overnight rate (Eonia) signals the monetary policy stance of the European Central Bank. Controllability of the Eonia requires that the persistence of the spread between the Eonia and the key policy rate remains sufficiently low. We apply fractional integration techniques to examine its (changing) persistence.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Uwe Hassler, Dieter Nautz,