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Managing financial market expectations: The role of central bank transparency and central bank communication

Neuenkirch, Matthias - In: European Journal of Political Economy 28 (2012) 1, pp. 1-13

In this paper, we study the influence of central bank transparency and informal central bank communication on the …, first, that transparency reduces the bias in money market expectations and dampens their variation. Second, informal … the Eijffinger and Geraats (2006) transparency index lead to a smaller bias in expectations (in particular, evaluation of …

Persistent link: https://www.econbiz.de/10010574390

What's in a second opinion? Shadowing the ECB and the Bank of England

Neuenkirch, Matthias; Siklos, Pierre L. - In: European Journal of Political Economy 32 (2013) C, pp. 135-148

One way of evaluating how well monetary authorities perform is to provide the public with a regular and independent second opinion. The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professional and academic economists who provide a separate policy rate recommendation...

Persistent link: https://www.econbiz.de/10010719638

Corruption scandals, voter information, and accountability

Costas-Pérez, Elena; Solé-Ollé, Albert; … - In: European Journal of Political Economy 28 (2012) 4, pp. 469-484

We study the effects of the availability of information about corruption scandals on electoral outcomes. The paper uses a novel and rich database with information on corruption scandals that affected Spanish local governments during the period 1996–2009. The database includes information about...

Persistent link: https://www.econbiz.de/10010588393