Siklos, Pierre L.; Bohl, Martin T. - Rimini Centre for Economic Analysis (RCEA) - 2007
This paper examines the role of the ECB communication activities on daily Eurodollar exchange rate and interest rates … estimation strategies as a test of the robustness of our main results. We introduce a new indicator of ECB communications … policies that focuses on what the ECB says about the future economic outlook for the euro area along five different economic …