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Reading between the lines : using text analysis to estimate the loss function of the ECB
Paloviita, Maritta; Haavio, Markus; Jalasjoki, Pirkka; … - 2020
We measure the tone (sentiment) of the ECB's Governing Council regarding economic outlook at the time of each monetary policy meeting and use this information together with the Eurosystem/ECB staff macroeconomic projections to directly estimate the Governing Council's loss function. Our results...
Persistent link: https://www.econbiz.de/10012239727
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Evaluating the stresses from ECB monetary policy in the Euro area
Lee, Jim; Crowley, Patrick M. - 2009
Persistent link: https://www.econbiz.de/10003821617
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Prudent monetary policy and prediction of the output gap
Ploeg, Frederick van der - In: Journal of macroeconomics 31 (2009) 2, pp. 217-230
Persistent link: https://www.econbiz.de/10003899883
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Do actions speak louder than words? : Evaluating monetary policy at the Bundesbank
Siklos, Pierre L.; Bohl, Martin T. - In: Journal of macroeconomics 29 (2007) 2, pp. 368-386
Persistent link: https://www.econbiz.de/10003484734
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Central Bank transparency in theory and practice
Demertzis, Maria; Hughes Hallett, Andrew - In: Journal of macroeconomics 29 (2007) 4, pp. 760-789
Persistent link: https://www.econbiz.de/10003586696
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Formal targets, central bank independence and inflation dynamics in the UK : a Markov-Switching approach
Miles, William; Vijverberg, Chu-ping C. - In: Journal of macroeconomics 33 (2011) 4, pp. 644-655
Persistent link: https://www.econbiz.de/10009530444
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The Federal Reserve (almost) 100
Meltzer, Allan H. - In: Journal of macroeconomics 34 (2012) 3, pp. 626-630
Persistent link: https://www.econbiz.de/10009690479
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Has the Fed been a failure?
Selgin, George A.; Lastrapes, William Dean; White, … - In: Journal of macroeconomics 34 (2012) 3, pp. 569-596
Persistent link: https://www.econbiz.de/10009690483
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Does the Greenspan era provide evidence on leadership in the FOMC?
Shagi, Makram el-; Jung, Alexander - In: Journal of macroeconomics 43 (2015), pp. 173-190
Persistent link: https://www.econbiz.de/10011507064
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Has the Fed improved U.S. economic performance?
Hogan, Thomas L. - In: Journal of macroeconomics 43 (2015), pp. 257-266
Persistent link: https://www.econbiz.de/10011507108