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Monetary policy rules, credibility and inflation: The Spanish experience

Author

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  • Carmen Díaz-Roldán
  • Alberto Montero Soler

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.

Suggested Citation

  • Carmen Díaz-Roldán & Alberto Montero Soler, "undated". "Monetary policy rules, credibility and inflation: The Spanish experience," Studies on the Spanish Economy 209, FEDEA.
    • Handle: RePEc:fda:fdaeee:209
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    File URL: https://documentos.fedea.net/pubs/eee/eee209.pdf
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    Cited by:

    1. Andreas Thams, 2006. "Fiscal Policy Effects in the European Union," SFB 649 Discussion Papers SFB649DP2006-016, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.

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