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Monetary policy rules, credibility and inflation: The Spanish experience

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Author Info
Carmen Díaz-Roldán
Alberto Montero Soler

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Abstract

Starting from inflation rates above the European average, Spain was able to conduct her monetary policy and control inflation in order to join the EMU from its start. In this paper we explore whether the credibility of the monetary policy performed by the Bank of Spain would have contributed to these developments.

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Paper provided by FEDEA in its series Studies on the Spanish Economy with number 209.

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Handle: RePEc:fda:fdaeee:209

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  1. Andreas Thams, 2006. "Fiscal Policy Effects in the European Union," SFB 649 Discussion Papers SFB649DP2006-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. [Downloadable!]
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This page was last updated on 2009-11-19.

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