欧洲央行使用预期数据的泰勒规则

ERN: Outlooks & Forecasting (Topic) Pub Date : 2008-02-01 DOI:10.1111/j.1467-9442.2008.00547.x

J. Gorter, J. de Haan

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引用次数: 123

摘要

我们使用共识经济学的预期通胀和产出增长数据来估计欧元区的泰勒规则，并将这些估计与使用实际结果的更传统规范进行比较。我们发现，欧洲央行在设定利率时考虑了预期通胀和预期产出增长，而在更传统的模型规范中，已实现通胀系数与零没有显著差异。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Taylor Rules for the ECB Using Expectations Data

We estimate Taylor rules for the euro area using Consensus Economics data for expected inflation and output growth, and compare these estimates with more conventional specifications in which actual outcomes are used. We find that the ECB takes expected inflation and expected output growth into account in setting interest rates, while in the more conventional model specification, the coefficient of realized inflation is not significantly different from zero.

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ERN: Outlooks & Forecasting (Topic)

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