Showing 1 - 10 of 12
history of honesty and a high level of central bank independence. According to our respondents, the Federal Reserve is the … most credible, transparent and independent central bank out of seven large central banks. The ECB is not perceived as …
Persistent link: https://www.econbiz.de/10011399168
central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … included in our Taylor rule model, the ECB communication indicators remain significant. -- ECB ; central bank ; communication …
Persistent link: https://www.econbiz.de/10003872830
size and voting power. One way to implement this principle is a rotation scheme for national central bank governors that …
Persistent link: https://www.econbiz.de/10011511101
This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic and Monetary Union. We study whether statements by different (groups of) central bankers have been contradictory and whether differences have diminished over time. We find that...
Persistent link: https://www.econbiz.de/10011450560
Persistent link: https://www.econbiz.de/10013257780
Using data for a large sample of banks from 31 OECD countries over 1995–2018, we analyze the impact of belonging to a banking group on banks’ net interest margins. Our results confirm a positive relationship between interest rates and interest margins, which is stronger in a low-interest...
Persistent link: https://www.econbiz.de/10012628790
-national analysis of micro data from Japan's Employment Status Survey and its U.S. counterpart, Current Population Survey. Our focus is … core employees (employees of prime age of 30-44 who have already accumulated at least five years of tenure) in Japan were … remarkably stable at around 70 percent over the last twenty-five years, and there is little evidence that Japan's Great Recession …
Persistent link: https://www.econbiz.de/10013117406
-term consequences for the labor market structure. To this end, we examine Japan's Lost Decade, the original Great Recession that … during Japan's Lost Decade there was a significant shift of the composition of employment toward "bad jobs." Second, we find … women in Japan made considerable progress in shifting the composition of their employment toward "good jobs" during Japan …
Persistent link: https://www.econbiz.de/10013104368
This paper analyses aggregate labour dynamics during the global financial crisis in Japan and the role of nonstandard …
Persistent link: https://www.econbiz.de/10013014011
We examine the period from 1991 to 2005 to document the effects of a changing Japanese labor market on trends in the cost of job change. During this period, job change penalties and the extent to which they were age-related grew. Evidence is also found of a diminishing specificity in human...
Persistent link: https://www.econbiz.de/10013316880