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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

Should the individual voting records of central bankers be published?

Gersbach, Hans; Hahn, Volker - 2001

We examine whether it is socially beneficial for the individual voting records of central bank council members to be published when the general public is unsure about central bankers' efficiency and central bankers are aiming for re-election. We show that publication is initially harmful since...

Persistent link: https://www.econbiz.de/10011419080

Voting transparency and conflicting interests in central bank councils

Gersbach, Hans; Hahn, Volker - 2001

This paper examines whether it is socially desirable for the individual voting records of central bank council members to be published when central bankers' preferences differ. We show that the misrepresentation of their preferences is not advantageous for central bankers although central...

Persistent link: https://www.econbiz.de/10011419124

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