Showing 1 - 10 of 201
-term interest rates to the Bank of England’s inflation report and to macroeconomic announcements. Due to the quarterly frequency at … which the Bank of England releases one of its main publications, it can become stale over time. In the course of this …
Persistent link: https://www.econbiz.de/10005068625
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … strategy amid a collegial approach to decision-making, while the Bank of England is using a collegial communication strategy … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking …
Persistent link: https://www.econbiz.de/10005162925
The paper shows that central bank communication is a key determinant of the market’s ability to anticipate monetary … policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of … England and the ECB since 1999, we find that communicating the diversity of views among committee members about monetary …
Persistent link: https://www.econbiz.de/10005530671
Persistent link: https://www.econbiz.de/10004612073
The ECB Working Paper Series seeks to disseminate economic research on issues that are relevant to the various tasks and functions of the ECB. The Series invites submissions of research work by ECB staff and visitors. Papers by researchers not affiliated with the ECB may also be considered for...
Persistent link: https://www.econbiz.de/10009635880
Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances …
Persistent link: https://www.econbiz.de/10005816134
-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it … and powerful part of the central bank’s toolkit since it has the ability to move financial markets, to enhance the …
Persistent link: https://www.econbiz.de/10005530856
We find evidence of a bank lending channel for the euro area operating via bank risk.Financial innovation and the new … ways to transfer credit risk have tended to diminishthe informational content of standard bank balance-sheet indicators. We … indicators (i.e. size, liquidity and capitalization), traditionallyused in the bank lending channel literature to assess a bank …
Persistent link: https://www.econbiz.de/10005866486
We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new … ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators …. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the …
Persistent link: https://www.econbiz.de/10005037602
While consumption habits have been utilised as a means of generating a hump shapedoutput response to monetary policy shocks in sticky-price New Keynesian economies,there is relatively little analysis of the impact of habits (particularly, external habits) onoptimal policy. In this paper we...
Persistent link: https://www.econbiz.de/10005866485