NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Establishing Credibility: Evolving Perceptions of the European Central Bank

Linda S. Goldberg, Michael W. Klein

NBER Working Paper No. 11792
Issued in November 2005

---- Acknowledgements -----

The views expressed in this paper are those of the individual authors and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. We have benefited from comments from Donald Andrews, Menzie Chinn, Sylvester Eijffinger, Graham Elliott, Arturo Estrella, Jeff Fuhrer, Francesco Giavazzi, Ulrich Muller, Zhongjun Qu, Richard Portes, John Rogers, David Romer, Jim Stock, Cedric Tille and participants at the January 2005 ASSA meeting, the March 2005 TAFI JIMF conference, the Spring 2005 NBER IFM meeting, the NBER Monetary Economics 2006 Summer Institute, and participants in the Federal Reserve System Committee Meeting on International Economics.

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