investment-grade bonds, a segment in which the share of bonds eligible to the ECB corporate programmes strikingly increased from …

We analyse high-frequency changes in the euro area money market yield curve on dates when the ECB regularly sets and … decisions and to central bank communication. The indicators show that ECB communication during the press conference may result …

and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …

, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB … that the press critically discusses the ECB’s policy decisions in the context of prior market expectations and of the … inflation environment, and that the media’s coverage of decisions is generally highly responsive to ECB communication – in …

households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge … on the ECB’s objectives is far from perfect. Both a weak desire to be informed and unawareness of insufficient knowledge …

statements and press conferences announcing monetary policy actions taken by the ECB. We find that an unexpected decrease of 25 …

This paper presents the blueprint of a new ECB multi-country model. The version documented in the following pages is … and policy simulation exercises at the ECB. …

) announced by the European Central Bank (ECB) in January 2015. The shock associated to the APP is identified with a combination …