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Provides different studies of how econometric evaluation of monetary policy based on forward-looking Taylor rules is conducted. This title discusses theoretical results regarding the Taylor principle and can be used as a guideline for the evaluation of the following three empirical applications based on survey data of Consensus Economics.
Dirk Bleich studied Economics at the University of Gottingen. He graduated in 2007 as a Diplom-Volkswirt and worked as a research assistant at the WHU - Otto Beisheim School of Management, chair of Macroeconomics and International Relations. During this time he wrote this dissertation. Since 2011 the author has been working with the Deutsche Bundesbank at the International Financial System Division.