Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "2630"
  #_source: array:26 [
    "id" => "2630"
    "slug" => "the-ecb-interest-rate-rule-under-the-duisenberg-presidency"
    "yearMonth" => "2004-01"
    "year" => "2004"
    "title" => "The ECB Interest Rate Rule Under the Duisenberg Presidency"
    "description" => "FOURÇANS, A. (2004). The ECB Interest Rate Rule Under the Duisenberg Presidency. <i>European Journal of Political Economy</i>, pp. 579-595."
    "authors" => array:1 [
      0 => array:3 [
        "name" => "FOURÇANS André"
        "bid" => "B00000199"
        "slug" => "fourcans-andre"
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2020-12-17 17:55:06"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => "579-595"
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Articles"
      "en" => "Journal articles"
    ]
    "support_type" => array:2 [
      "fr" => "Revue scientifique"
      "en" => "Scientific journal"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "L'article propose plusieurs estimations empiriques de la règle monétaire de la Banque Centrale Européenne (BCE), fondées sur des données mensuelles sur la période de Janvier 1999 à Octobre 2003. La Banque semble réagir aux fluctuations de l'activité, du taux d'inflation et du taux de change."
      "en" => "This paper presents estimates of the European Central Bank (ECB)'s interest rate rule using monthly data for the period of the Willem F. Duisenberg presidency (from January 1999 to October 2003). Our results show that, like the US Federal Reserve, the ECB appears to be concerned with fluctuations in economic activity. It increases is short-term interest rate if inflation deviates from target, this reaction being stronger if based on future inflation and weaker if based on current inflation. The seemingly soft response to current inflation derives from a concern for exchange rate stability and may reflect the Bank's forecast of future inflation. The ECB also appears to smooth its interventions in the money market."
    ]
    "authors_fields" => array:2 [
      "fr" => "Economie"
      "en" => "Economics"
    ]
    "indexedAt" => "2024-12-22T01:21:46.000Z"
    "docTitle" => "The ECB Interest Rate Rule Under the Duisenberg Presidency"
    "docSurtitle" => "Articles"
    "authorNames" => "<a href="/cv/fourcans-andre">FOURÇANS André</a>"
    "docDescription" => "<span class="document-property-authors">FOURÇANS André</span><br><span class="document-property-authors_fields">Economie</span> | <span class="document-property-year">2004</span>"
    "keywordList" => ""
    "docPreview" => "<b>The ECB Interest Rate Rule Under the Duisenberg Presidency</b><br><span>2004-01 | Articles </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">The ECB Interest Rate Rule Under the Duisenberg Presidency</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 9.054154
  +"parent": null
}