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The High-Frequency Response of the EUR-US Dollar Exchange Rate to ECB Monetary Policy Announcements

Conrad, Christian; Lamla, Michael J. - KOF Swiss Economic Institute, Department of Management, … - 2007

release. During the introductory statement, communication with respect to future price developments is most relevant and has …

Persistent link: https://www.econbiz.de/10005212634

Agency and communication in IMF conditional lending: theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - KOF Swiss Economic Institute, Department of Management, … - 2009

We focus on the role that the transmission of information between a multilateral (the IMF) and a country has for the optimal design of conditional reforms. Our model predicts that when agency problems are especially severe, and/or IMF information is valuable, a centralized control is indeed...

Persistent link: https://www.econbiz.de/10005212636

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 - CESifo - 2009

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …

Persistent link: https://www.econbiz.de/10005013956