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Monetary Policies of the Baltic States & Taylor Rule

par Sierens, Vivien Denis ;Zamora Torres, America Ivonne AZT
Référence West East Institute International Academic Conference (2015-06-08: Harvard, Boston, USA)
Publication Non publié, 2015-06-08

Communication à un colloque

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Résumé :

Monetary policies followed by the Baltic states since the 1990's seem to diverge from theoretically computed optimal interest rates. The aim of this study is to assess historical performances of Baltic monetary policies by comparing them to theoretical Taylor interest rates. The results show that historical short term interest rates contributed to create some inflationary pressure in these countries.