Herding Behaviour of Central Banks: Following the Fed and ECB
I apply interest rate rules, especially the Taylor rule, to identify basic determinants of the central banks' decision-making process. The results confirmed herding behaviour related to the central bank financial assets and its economic power in the US and Eurozone. The conclusions are discusse...
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| Format: | Article |
| Language: | English |
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Mendel University, Brno
2017-11-01
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| Series: | European Journal of Business Science and Technology |
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| Online Access: | https://ejobsat.cz/artkey/ejo-201701-0003_herding-behaviour-of-central-banks-following-the-fed-and-ecb.php |