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Author:Tarkka, J.
Kortelainen, M.
Title:Analysing monetary policy credibility with a model of the euro area
Journal:Bank of Finland Bulletin
2001 : VOL. 75:3, p. 18-23
Index terms:Monetary policy
Econometric models
Expectancy theory
Language:eng
Abstract:To enable analysis of less-than-complete credibility, two versions of the EDGE (euro area dynamic equilibrium) model are employed. These differ from each other only in the way monetary policy (interest rate determination) is modelled.
SCIMA record nr: 225448
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