ECB repo rate setting during the financial crisis

Stefan Gerlach

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ECB repo rate setting during the financial crisis

机译：金融危机期间的欧洲央行回购利率设定

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摘要

I estimate a reaction function for the ECB using an ordered logit model for the period 1999-2009. Allowing for a smooth transition from one set of parameters to another, I detect a rapid change in the middle of 2008.

机译：我使用1999-2009年的有序logit模型估计了ECB的反应函数。考虑到从一组参数到另一组参数的平滑过渡，我发现在2008年中期出现了快速变化。

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来源
《Economics letters》 |2011年第2期|p.186-188|共3页
作者
Stefan Gerlach;
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作者单位

Institute for Monetary and Financial Stability, Goethe University, Griineburgplatz 1 (Box H 12), 60629 Frankfurt/Main, Germany CEPR, London, United Kingdom;

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原文格式 PDF
正文语种 eng
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关键词
ecb reaction functions ordered logit smooth transition;

机译：ecb反应函数有序logit平稳过渡;

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ECB repo rate setting during the financial crisis

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