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Central Bank Transparency : Another Look

Siklos, Pierre L. - 2010

are notable in Central and Eastern Europe, while the index has shown much smaller rises in most other parts of the world …

Persistent link: https://www.econbiz.de/10013138709

Signed Spillover Effects Building on Historical Decompositions

Dungey, Mardi H. - 2017

The spillover effects of interconnectedness between financial assets are decomposed into both sources of shocks and whether they amplify or dampen volatility conditions in the target market. We use historical decompositions to rearrange information from a VAR which includes sources, direction...

Persistent link: https://www.econbiz.de/10012948930

Enter the Dragon : Interactions between Chinese, US and Asia-Pacific Equity Markets, 1995-2010

Burdekin, Richard C. K. - 2012

integration with other regional and world markets in spite of ongoing capital controls …

Persistent link: https://www.econbiz.de/10013113708

Monetary policy transparency, public commentary, and market perceptions about monetary policy in Canada

Siklos, Pierre L. - 2000

Die Einführung von Inflationszielen in Kanada im Jahr 1991 verdeutlichte angeblich das Ziel der Geldpolitik, nämlich … Preisstabilität. Mit der neuen Politik sollte unter anderem die Öffentlichkeit fortan den Erfolg der Geldpolitik leichter daran messen … in der öffentlichen Kommentierung der Geldpolitik seit 1991 fairer beurteilt werden." Anhand von Kommentaren in den …

Persistent link: https://www.econbiz.de/10011418878

Did the Bundesbank react to stock price movements?

Bohl, Martin T.; Siklos, Pierre L.; Werner, Thomas - 2003

In this paper, we investigate the relationship between stock returns and short-term interest rates. Identification of the stock return-interest rate relation is solved by using a new technique that relies on the heteroskedasticity of shocks to stock market returns. We suggest some improvements...

Persistent link: https://www.econbiz.de/10011432162

Asset prices in taylor rules : specification, estimation, and policy implications for the ECB

Siklos, Pierre L. (contributor); Werner, Thomas (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002235268

Financial Frictions and Credit Spreads

Pang, Ke - 2012

This paper uses the credit-friction model developed by C'urdia and Woodford, in a series of papers, as the basis for attempting to mimic the behavior of credit spreads in moderate as well as in times of crisis. We are able to generate movements in representative credit spreads that are, at...

Persistent link: https://www.econbiz.de/10013115635

The Role of Financial Journalists in the Expectations Channel of the Monetary Transmission Mechanism

Reid, Monique - 2020

Monetary policy relies on managing the inflation expectations of the public in order to influence prices (inflation). Relying on the South African experience we argue that most of the general public are only exposed to the communication of the South African Reserve Bank (SARB) via the media....

Persistent link: https://www.econbiz.de/10012836122

Government Bond Yields at the Effective Lower Bound : International Evidence

Lombardi, Domenico - 2017

Empirical evidence on the potential impact of central bank policies on government bond yields at the effective lower bound (ELB) is presented for nine economies. We quantify the content of central bank communications and consider international policy spillovers. At the ELB, yields at the...

Persistent link: https://www.econbiz.de/10012958299

What Has Publishing Inflation Forecasts Accomplished? Central Banks and Their Competitors

Siklos, Pierre L. - 2017

This paper examines the evolution of disagreement over the short-term inflation outlook in nine advanced economies during the decade and half beginning in the 2000s. The paper focuses on how disagreement is largely shaped by the benchmark against which this concept is evaluated and the role of...

Persistent link: https://www.econbiz.de/10012958300