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Rational Inattention, Inflation Developments and Perceptions after the Euro Cash Changeover
Ehrmann, Michael - 2021
This paper uses the euro cash changeover to test theories of finite informationprocessing capacities on the side of … effects are found in particular for goods with prices below one euro sold in mid-priced stores. The paper also finds that …
Persistent link: https://www.econbiz.de/10013317681
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Monetary Policy in the Media
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2021
that the press critically discusses the ECB's policy decisions in the context of prior market expectations and of the …
Persistent link: https://www.econbiz.de/10013317451
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Credibility Gains from Communicating with the Public : Evidence from the ECB's New Monetary Policy Strategy
Ehrmann, Michael; Georgarakos, Dimitris; Kenny, Geoff - 2023
We show that the announcement of the ECB’s Strategy Review and the revision of its inflation target in summer 2021 went largely unnoticed by the wider public. Although it is hard to reach out to this group, we find evidence that communicating key elements of the strategy can enhance the...
Persistent link: https://www.econbiz.de/10014254531
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Monetary policy in the media
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006
that the press critically discusses the ECB’s policy decisions in the context of prior market expectations and of the …
Persistent link: https://www.econbiz.de/10011604725