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Zwei Indikatoren zur Beurteilung der Geldpolitik der EZB

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  • Wolfgang Nierhaus

Abstract

Zur Beurteilung der Wirkungen der Geldpolitik der EZB sind in den neunziger Jahren verschiedene Indikatoren entwickelt worden. Im diesem Beitrag wurden aus dieser Gruppe zwei besonders prominente Indikatoren, der Taylor-Zins und der Monetary Condition Index (MCI), ausgewählt und ihr Verlauf im Zeitraum 1994 bis 2000 für den Euro-Raum quantifiziert.

Suggested Citation

  • Wolfgang Nierhaus, 2001. "Zwei Indikatoren zur Beurteilung der Geldpolitik der EZB," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(05), pages 47-49, October.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:05:p:47-49
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    References listed on IDEAS

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    1. Charles Freedman, 1995. "The role of monetary conditions and the monetary conditions index in the conduct of policy [speech]," Bank of Canada Review, Bank of Canada, vol. 1995(Autumn), pages 53-59.
    2. Mark A. Wynne, 2008. "Core inflation: a review of some conceptual issues," Review, Federal Reserve Bank of St. Louis, vol. 90(May), pages 205-228.
    3. Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
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    Cited by:

    1. Treu, Johannes, 2010. "Der Taylor-Zins und die europäische Geldpolitik 1999 - 2009," Wirtschaftswissenschaftliche Diskussionspapiere 03/2010, University of Greifswald, Faculty of Law and Economics.
    2. Ralf Fendel, 2004. "Perspektiven und Grenzen der Verwendung geldpolitischer Regeln," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 5(2), pages 169-192, May.
    3. Hans-Werner Sinn & Wolfgang Nierhaus & Wolfgang Meister & Oscar-Erich Kuntze & Jan-Egbert Sturm, 2002. "ifo Konjunkturprognose 2003: Nur zögerliche Belebung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(24), pages 22-44, December.
    4. Wolfgang Nierhaus & Wolfgang Meister & Oscar-Erich Kuntze & Jan-Egbert Sturm, 2002. "Prognose 2002/2003: Chancen für einen neuen Aufschwung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(15), pages 19-44, August.

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    Keywords

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    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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