| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062080 | Economics Letters | 2007 | 6 Pages |
Abstract
We investigate identification issues in estimated Taylor rules. Embedding two alternative views about monetary policy, inertia versus serially correlated shocks, in a single equation, we show that using euro data, it is impossible to discriminate between these two competing representations.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Patrick Fève, Julien Matheron, Céline Poilly,