Series: IMF Working Papers
Author(s): Michael Ehrmann , Marcel Fratzscher , and Helge Berger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2006
Keywords: ECB, forecast, geography, history, heterogeneity, Taylor rule, learning, transmission, survey data, communication
Monetary policy in the euro area is conducted within a multicountry, multicultural, and multilingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic...