Siklos, Pierre L. (contributor); Bohl, Martin T. (contributor) - 2006 - Rev. Mar 6/07
monetary policy on the exchange rate and θ captures the effect of ECB communications
on the Euro-US-dollar exchange rate. The … how policy actions, namely interest rate decisions, ‘words’, or
‘open mouth operations’, of the ECB, and market news … inability of the fledgling central bank to clearly communicate its policy stance. Critics
of the European Central Bank (ECB …