Ehrmann, Michael; Fratzscher, Marcel; Gürkaynak, Refet S. - 2007
having countries with less well-anchored expectations, and
therefore more volatile financial markets, benefit from a more … markets, while Ehrmann and
Fratzscher (2005) show that the effects of US macroeconomic announcements on European
financial … changes over this
period, which they interpret as the ECB gaining greater credibility in financial markets after
its …