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Despite substantial differences in monetary policy and communication strategies, many central banks share the practice of purdah, a self-imposed guideline of abstaining from communication around policy meetings or other important events. This practice is remarkable, as it seems to contradict the...
Persistent link: https://www.econbiz.de/10005816165
Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking … strategy amid a collegial approach to decision-making, while the Bank of England is using a collegial communication strategy … and highly individualistic decision-making. The ECB has chosen a collegial approach both in its communication and in its …
Persistent link: https://www.econbiz.de/10005162925
the diversity of views on the economic outlook that enhance the effectiveness of central bank communication. JEL …
Persistent link: https://www.econbiz.de/10005530671
FOMC decisions as well as the future policy path. Second, the effectiveness of communication is found to depend on the …
Persistent link: https://www.econbiz.de/10005227550
This paper provides estimates of price-marginal cost ratios or markups for 50 sectors in 8 euro area countries and the …
Persistent link: https://www.econbiz.de/10005344902
tests to establish the link between competition and measures of profit efficiency in banking, and find that competition … based approach to large data sets for European and U.S. banks, we offer new empirical evidence that efficiency plays a key … indeed increases bank efficiency. Second, building on these results, we examine the relation between the Boone indicator …
Persistent link: https://www.econbiz.de/10005344858
We compute public sector performance (PSP) and efficiency (PSE) indicators, comprising a composite and seven sub …, distribution, and stabilisation. The input and output efficiency of public sectors across countries is then measured via a non …
Persistent link: https://www.econbiz.de/10005816157
We study bidder bahavior and performance in 53 main refinancing operations (repo auctions) of the European Central Bank (ECB). The data set starts with the first auctions after the ECB changed from fixed rate tenders to variable rate tenders. We find that private information and the winnner's...
Persistent link: https://www.econbiz.de/10005816220
potential cost savings along the transaction value chain. JEL Classification: D84, E43, E52 …
Persistent link: https://www.econbiz.de/10010693506
frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods …
Persistent link: https://www.econbiz.de/10008541284