Citation

Discussion Paper Details

Please find the details for DP8346 in an easy to copy and paste format below:

Full Details   |   Bibliographic Reference

Full Details

Title: ECB Repo Rate Setting During the Financial Crisis

Author(s): Stefan Gerlach

Publication Date: April 2011

Keyword(s): ECB, Ordered logit, Reaction functions and Smooth transition

Programme Area(s): International Macroeconomics

Abstract: 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 middle of 2008.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8346

Bibliographic Reference

Gerlach, S. 2011. 'ECB Repo Rate Setting During the Financial Crisis'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8346