TY  - JOUR
A1  - Bletzinger, Tilman
A1  - Wieland, Volker
T1  - Real-time data for estimating a forward-looking interest rate rule of the ECB
T2  - Data Brief
N2  - The purpose of the data presented in this article is to use it in ex post estimations of interest rate decisions by the European Central Bank (ECB), as it is done by Bletzinger and Wieland (2017) [1]. The data is of quarterly frequency from 1999 Q1 until 2013 Q2 and consists of the ECB's policy rate, inflation rate, real output growth and potential output growth in the euro area. To account for forward-looking decision making in the interest rate rule, the data consists of expectations about future inflation and output dynamics. While potential output is constructed based on data from the European Commission's annual macro-economic database, inflation and real output growth are taken from two different sources both provided by the ECB: the Survey of Professional Forecasters and projections made by ECB staff. Careful attention was given to the publication date of the collected data to ensure a real-time dataset only consisting of information which was available to the decision makers at the time of the decision.
KW  - Interest rate rule estimation
KW  - Real-time data
KW  - Forward-looking data
Y1  - 2017
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/45065
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-450658
SN  - 2352-3409
VL  - 15
SP  - 687
EP  - 690
PB  - Elsevier
ER  -