Showing 1 - 10 of 126
particular and within the standard New Keynesian model, we evaluate to what extent communication of the inflation target is …
Persistent link: https://www.econbiz.de/10010899555
In this paper, we aim at testing whether press conferences held after the meeting of the ECB's monetary policy council steer market short- and long-term interest rates in the euro zone. To meet this goal, we "codify" the statements according to whether they are neutral, hawkish, or dovish. We...
Persistent link: https://www.econbiz.de/10008794337
Based on panel data of 58 countries, of which 22 Inflation Targeters and 36 non Inflation Targeters, over the period 1980-2003, this paper highlights the effect of Inflation Targeting – IT- on Fiscal Discipline –FD-. We make four contributions to the literature. Firstly, by applying the 2SLS...
Persistent link: https://www.econbiz.de/10008794278
In the light of the economically rational expectation theory, this article shows how an expert chooses an optimal oil price forecast function given that information is costly. In this framework we propose an expectational process which nests all processes considered in the literature. By...
Persistent link: https://www.econbiz.de/10008789498
This paper relaxes a fundamental hypothesis commonly accepted in the expectation formation literature: expectations are, unchangingly, either rational or generated by one of the three simple extrapolative, regressive or adaptive processes. Using expectations survey data provided by Consensus...
Persistent link: https://www.econbiz.de/10008789553
social factors such as communication. This complements the literature that argues that altruistic behavior is instrumental in …
Persistent link: https://www.econbiz.de/10010933141
"Vertige" est le mot qui vient immédiatement à l'esprit quand nous contemplons le tourbillon des logos et marques territoriales qui s'étalent désormais sous nos yeux. " Inquiétude " c'est le sentiment que l'on peut ressentir à la vue des bricolages visuels et des simplifications qui...
Persistent link: https://www.econbiz.de/10010935040
This paper studies strategic disclosure by multiple senders competing for prizes awarded by a single receiver. They decide whether to disclose a piece of information that is both verifiable and equivocal (it can inuence the receiver both ways). The standard unrav- eling argument breaks down: if...
Persistent link: https://www.econbiz.de/10009652974
de communication orale. Ces résultats mettent en évidence l'importance pour le contrôleur de gestion de gérer son image …, notamment en adoptant des techniques de communication ouverte et en abandonnant le recours à des techniques de recours à la …
Persistent link: https://www.econbiz.de/10010549130
cette nouvelle logique du contrôle de gestion, plus la pratique de techniques spécifiques de communication orale devrait … différents, considérés par les spécialistes de la communication comme contradictoires. L'enjeu d'une telle recherche est celui …
Persistent link: https://www.econbiz.de/10010549142