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Credibility and transparency of Central Banks : new results based on Ifo s world economicy survey

Hamella, Sandra; Haan, Jakob de - 2004

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

Does central bank communication really lead to better forecasts of policy decisions? : new evidence based on a Taylor rule model for the ECB

Sturm, Jan-Egbert; Haan, Jakob de - 2009

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

Restructuring the ECB

Berger, Helge; Haan, Jakob de; Inklaar, Robert - 2003

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

Look who's talking : ECB communication during the first years of EMU

Jansen, David-Jan; Haan, Jakob de - 2004

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

Low interest rates and banks' interest margins : does belonging to a banking group matter?

Argimón, Isabel; Danton, Jayson M.; Haan, Jakob de; … - 2021

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

Does economic policy uncertainty encourage gambling? : evidence from the Chinese welfare lottery market

Xu, Can; Steiner, Andreas; Haan, Jakob de - 2023

This paper investigates the effect of economic policy uncertainty (EPU) on gambling activity in China. Based on a theoretical model, we hypothesize that EPU increases the demand for hope which raises the willingness to pay for lottery tickets, resulting in higher lottery sales. We estimate a...

Persistent link: https://www.econbiz.de/10013503360

Statements of ECB officials and their effect on the level and volatility of the Euro-Dollar exchange rate

Jansen, David-Jan; Haan, Jakob de - 2003

This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We find that the Bundesbank has dominated the news...

Persistent link: https://www.econbiz.de/10011507830