¿Ha seguido el Banco de España una regla de Taylor con información en el tiempo real?
In this paper I analyze monetary policy implementation in Spain during the period 1984-1998. Its main innovation lies with the use of forecasts from the Bank of Spain’s confidential series. Two main conclusions are obtained in this paper. The first is that from 1988 to 1998 the Bank of Spain took monetary policy actions following a monetary rule similar to a Taylor rule. The second is that monetary policy analysis may lead to incorrect inference if monetary authority information problems are not taken into account.
Volume (Year): 26 (2002)
Issue (Month): 3 (September)
|Contact details of provider:|| Postal: |
Web page: http://www.fundacionsepi.es/
|Order Information:|| Web: http://www.fundacionsepi.es/revistas/presentacion.asp Email: |
When requesting a correction, please mention this item's handle: RePEc:iec:inveco:v:26:y:2002:i:3:p:475-496. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Isabel Sánchez-Seco)
If references are entirely missing, you can add them using this form.