-
Revisiting the ECB's Reaction Function
From swissmacroandhistory.substack.com
I decided to start the year by revisiting my work on estimating reaction functions for the ECB (see the appendix to ECB Set to Cut Rates Amid Trade Turmoil and Will the ECB cut interest rates on October 17?). This may seem an arcane subject to some readers, but I have recently received comments from economists within the Eurosystem who had read the analysis carefully. That prompted me to update the model. Commentators in the private sector often underestimate just how formal policy analysis inside central banks tends to be. Reaction functions are, of course, no substitute for careful analysis of economic conditions. ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From nypost.com|Jan 4, 2026The New York City Diamond District jeweler seen getting pummeled in a viral video blasted his rivals as jealous “f–king losers” — and claimed the fight erupted after he confronted ...
From channelnewsasia.com|Jan 4, 2026|4 commentsBank of Japan Governor Kazuo Ueda said on Monday the central bank will continue to raise interest rates if economic and price developments move in line with its forecast. "Wages ...
From gold-eagle.com|Jan 4, 20265546 is our forecast Gold high for 2026. When we set upon such annual analysis for this year, we admittedly felt a bit snarky in perhaps selecting the year’s high as “the opening ...
-
- Newer Stories
From deriv.com|Jan 4, 2026Precious metals closed 2025 at levels that forced markets to reassess long-held assumptions. Data showed that silver surged more than 150% over the year, its strongest performance ...
From fxleaders.com|Jan 5, 2026Platinum has entered 2026 with strong momentum, breaking above $2,000 as tightening supply, surging Chinese demand, and supportive monetary conditions reshape the metal’s ...
From mites.gob.es|Jan 5, 2026The number of unemployed people registered at the State Public Employment Service (SEPE) offices at the end of December 2025 decreased by 16,291 people compared to the previous ...
- Story Stats
- Jan 4, 2026 10:00pm Posted byEducational887
