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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

Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the information provided by a Taylor rule model in which...

Persistent link: https://www.econbiz.de/10003872830

Politiques et performances macroéconomiques de la zone euro : institutions, incitations, stratégies

Creel, Jérôme; Laurent, Eloi; Le Cacheux, Jacques - 2007

Persistent link: https://www.econbiz.de/10003583385

La politique de change de la zone euro ou le hold-up tranquille de la BCE

Creel, Jérôme; Laurent, Eloi; Le Cacheux, Jacques - 2007

Persistent link: https://www.econbiz.de/10003479434

Does money matter in the ECB strategy? : New evidence based on ECB communication

Berger, Helge (contributor); Haan, Jakob de (contributor); … - 2006

We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...

Persistent link: https://www.econbiz.de/10003300988

Convergence of monetary transmission in EMU new evidence

Toolsema-Veldman, Linda Adriana; Sturm, Jan-Egbert; … - 2001

This paper examines how the pass-through of monetary policy measures in 6 EMU countries has evolved over time and whether there is convergence in monetary transmission. The countries included are: Belgium, France, Germany, Italy, the Netherlands and Spain, and the sample period is 1980-2000. We...

Persistent link: https://www.econbiz.de/10011398432

Has the financial crisis eroded citizens’ trust in the European Central Bank? : panel data evidence for the euro area ; 1999-2011

Roth, Felix; Gros, Daniel; Nowak-Lehmann D., Felicitas - 2012 - Revised Version: March 2012

In the aftermath of the financial crisis trust, in the European Central Bank (ECB) has reached an historical low. Taking panel data and using a fixed effects DFGLS estimation for a 12–country sample over the time period 1999 to 2011 with a total of 312 observations, this paper detects a...

Persistent link: https://www.econbiz.de/10009711914

EU-accession effects on sectoral trade : a Helpman-Melitz-Rubinstein approach with panel data

Martínez-Zarzoso, Inmaculada; Vidovic, Martina; Voicu, … - 2014

This paper estimates the effects of the EU enlargements in the 2000s for trade in parts and components and trade in … EU and OECD countries. The estimation approach accounts for firm heterogeneity and selection bias in a panel …-data framework. We find a positive and significant effect of the EU-accession on CEECs trade in intermediate and final goods. The …

Persistent link: https://www.econbiz.de/10010383871

Who needs foreign banks?

Gros, Daniel - 2003

10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …

Persistent link: https://www.econbiz.de/10011508110

CEECs integration into regional and global production networks

Martínez-Zarzoso, Inmaculada; Voicu, Anca M.; Vidovic, … - 2011

This paper examines the involvement of the CEECs into regional and global production networks over the period 1999 to 2009. We employ a theoretically justified gravity model which incorporates the extensive margin of trade and accounts for firm heterogeneity. We first estimate the model for...

Persistent link: https://www.econbiz.de/10009126416

Has the financial crisis eroded citizens' trust in the European Central Bank? : evidence from 1999-2010

Roth, Felix; Gros, Daniel; Nowak-Lehmann D., Felicitas - 2011

Trust in the ECB has fallen to unprecedented lows in the aftermath of the financial crisis. Up to the start of the recession in 2008, trust levels in the ECB were moderately high and trust in the ECB was not affected by business cycle variables such as growth and inflation. This changed...

Persistent link: https://www.econbiz.de/10009126422