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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
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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