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Forecasting ECB monetary policy : accuracy is a matter of geography

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - In: European economic review : EER 53 (2009) 8, pp. 1028-1041

Persistent link: https://www.econbiz.de/10003922990

The political economy of EC regionalism

Sapir, André - In: European economic review : EER 42 (1998) 3, pp. 717-732

Persistent link: https://www.econbiz.de/10001246186

The Predictability of Monetary Policy

Blattner, Tobias Sebastian - 2008

Current best practice in central banking views a high level of monetary policy predictability as desirable. A clear distinction, however, has to be made between short-term and longer-term predictability. While short-term predictability can be narrowly defined as the ability of the public to...

Persistent link: https://www.econbiz.de/10012772989

The Ecb's Price Stability Framework : Past Experience, and Current and Future Challenges

Cecioni, Martina; Coenen, Günter; Motto, Roberto; le … - 2021

The ECB’s price stability mandate has been defined by the Treaty. But the Treaty has not spelled out what price stability precisely means. To make the mandate operational, the Governing Council has provided a quantitative definition in 1998 and a clarification in 2003. The landscape has...

Persistent link: https://www.econbiz.de/10013210725

Clear, Consistent and Engaging : ECB Monetary Policy Communication in a Changing World

Assenmacher, Katrin; Glöckler, Gabriel; Holton, Sarah; … - 2021

This paper examines the importance of central bank communication in ensuring the effectiveness of monetary policy and in underpinning the credibility, accountability and legitimacy of independent central banks. It documents how communication has become a monetary policy tool in itself; one...

Persistent link: https://www.econbiz.de/10013210829

Inflation Persistence and Price-Setting Behaviour in the Euro Area - a Summary of the Ipn Evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2021

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are: i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …

Persistent link: https://www.econbiz.de/10013318305

Inflation persistence and price-setting behaviour in the euro area – a summary of the IPN evidence

Altissimo, Filippo; Ehrmann, Michael; Smets, Frank - 2006

This paper provides a summary of current knowledge on inflation persistence and price stickiness in the euro area … are - i) Under the current monetary policy regime, the estimated degree of inflation persistence in the euro area is … moderate; ii) Retail prices in the euro area are more sticky than in the US; iii) There is significant sectoral heterogeneity …

Persistent link: https://www.econbiz.de/10011606198

The predictability of monetary policy

Blattner, Tobias; Catenaro, Marco; Ehrmann, Michael; … - 2008

Persistent link: https://www.econbiz.de/10011606235