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The impact of monetary and commodity fundamentals, macro news and central bank communication on the exchange rate : evidence from South Africa

Égert, Balázs - 2009

-lived effects on the exchange rate of selected macroeconomic surprises and central bank communication aimed at talking up the rand …. -- exchange rate ; nonlinearity ; commodity prices ; monetary model ; macroeconomic news ; central bank communication ; South …

Persistent link: https://www.econbiz.de/10003831962

Trends in monetary policy transparency

Geraats, Petra M. - 2009

Transparency has become a prominent feature of monetary policy. This paper provides an overview of central bank … has been followed by lower average inflation. -- Transparency ; monetary policy ; central bank communication ; monetary …

Persistent link: https://www.econbiz.de/10003818025

Inflation and inflation uncertainty in the Euro Area

Caporale, Guglielmo Maria; Onorante, Luca; Paesani, Paolo - 2009

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the euro area, and investigates the linkages between them in a VAR framework, also allowing for the possible impact of the policy regime change associated with the start of EMU in...

Persistent link: https://www.econbiz.de/10003871923

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

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … included in our Taylor rule model, the ECB communication indicators remain significant. -- ECB ; central bank ; communication …