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Has the publication of minutes helped markets to predict the monetary policy decisions of the Bank of England's MPC?

El-Shagi, Makram; Jung, Alexander - 2015

This paper examines whether the minutes of the Bank of England’s Monetary Policy Committee (MPC) have provided markets with additional information about the future course of monetary policy. The paper conducts an econometric approach based on an Ordered Probit model explaining future policy...

Persistent link: https://www.econbiz.de/10011605853

Have monetary data releases helped markets to predict the interest rate decisions of the European Central Bank?

Jung, Alexander - 2016

This paper examines whether monetary data releases by the European Central Bank (ECB) have provided markets with additional clues about the future course of its monetary policy. It conducts a novel econometric approach based on a combination of an Ordered Probit model explaining future policy...

Persistent link: https://www.econbiz.de/10011605971

Have FOMC minutes helped markets to predict FED funds rate changes?

Jung, Alexander - 2016

This paper examines whether the release of minutes of the Federal Open Market Committee (FOMC) has provided markets with systematic clues about its future policy rates. We explain the future fed funds rate changes using Ordered Probit models (sample 1996 to 2008). We find that timely FOMC...

Persistent link: https://www.econbiz.de/10011606006

Interest Rate Setting and Communication at the ECB

Cour-Thimann, Philippine - 2020

´s monetary policy and augment them with communication indicators. First, we find that the ECB responded to risks to price …

Persistent link: https://www.econbiz.de/10012827870

Can Central Bank Communication Help to Stabilise Inflation Expectations?

Jung, Alexander; Kühl, Patrick - 2021

This paper examines whether central bank communication stabilises euro area inflation expectations through the … visitors’ attention to its communication. We conduct several econometric tests with daily data to measure the impact of ECB … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that …

Persistent link: https://www.econbiz.de/10013227730