The Two Pillars of the European Central Bank
By Stefan Gerlach. 2004
116 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/4b64f8dec9f73eafd960e5a5e0a3d0bde4f5ed19
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Jan-Egbert Sturm
- Jakob de Haan
- Guenter W. Beck
- Helge Berger
- Volker Wieland
- J. Jacobs
- Charles Wyplosz
- J. Gorter
In Finance
- Jan-Egbert Sturm
- Helge Berger
- Jakob de Haan
- Volker Wieland
- J. Jacobs
- Guenter W. Beck
- Charles Wyplosz
- J. Gorter
Citations in the corpus
- Taylor Rules for the ECB Using Expectations Data (2008, background): “See de Haan, Eijffinger and Waller (2005) for a discussion of the ECB’s policies and Gerlach (2004) for a critique of these policies.”
- European Monetary Union: the dark sides of a major success (2006, background): “This description of the monetary policy strategy became instantly highly controversial (Gerlach, 2004, provides a detailed analysis of the controversies; Begg et al. 1998 is an early critique).”
- Central Bank Misperceptions and the Role of Money in Interest Rate Rules (2008, methodology): “(20) Recent empirical studies confirm the long-run proportionalrelationship between inflation and money growth (cf. Gerlach (2004), Benati (2005), Pill and Rautanen (2006) and AssenmacherWesche and Gerlach (2007).”
- Heterogeneity in Money Holdings Across Euro Area Countries: The Role of Housing (2011, unknown): “At the level of the euro area it may be hard to identify a money demand equation since monetary aggregates in the euro area may be partly supply driven (Bosker, 2004), even though there is evidence that this may not have been the case in the run-up to and the early years of the monetary union (Gerla”
- Does Money Matter in the ECB Strategy? New Evidence Based on ECB Communication (2006, background): “Still, according to Gerlach (2004), most econometric estimates of reaction functions for the euro area fail to find that money growth plays a role in the ECB’s interest rate decisions.5 In this paper we examine the role of money in the ECB monetary policy strategy using the ECB’s most important…”