• Antonio FORTE University of Bari, Italy Department of Economics and Mathematics


In this paper I try to find some empirical evidence of the European Central Bank’s behaviour from its outset, January 1999, to the mid 2007, using a Taylor-type rule. I test a new and simple method for estimating the output gap in order to avoid problems linked with the estimate of the potential output. Moreover, I analyse the significance of some explanatory variables in order to understand what the basis of the E.C.B. monetary policy decisions are. Finally, I find an important evidence of the role of the Euro-Dollar nominal exchange rate in the conduct of the Euro Area monetary policy.


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How to Cite
FORTE, Antonio. SOME EMPIRICAL EVIDENCE OF THE EURO AREA MONETARY POLICY. Theoretical and Practical Research in the Economic Fields, [S.l.], v. 1, n. 1, p. 42-58, june 2010. ISSN 2068-7710. Available at: <>. Date accessed: 03 june 2023.