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Wednesday, August 31, 2005

Guest Post - The Fed versus the ECB: Learning Models and Monetary Policy

Today’s guest post at New Economist continues the conversation started here and here on differences between the U.S. Federal Reserve and the European Central Bank's approaches to monetary policy.  The post discusses how learning models have affected monetary policy differently within the Fed and the European Central Bank and offers a reason for the difference.  The difference in activism betwen the two banks is also explained from this perspective.

[Link to post at New Economist]

    Posted by on Wednesday, August 31, 2005 at 04:32 AM in Economics, Methodology, Monetary Policy | Permalink  TrackBack (0)  Comments (3)

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