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Central bank communication: fragmentation as an engine for limiting the publicity degree of information
Trabelsi, Emna - Volkswirtschaftliche Fakultät, … - 2010
In earlier theoretical framework, Morris and Shin (2002) highlight the potential dangers of transparency policy. In …
Persistent link: https://www.econbiz.de/10008694017
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The art of central banks' forward guidance at the zero lower bound
Bennani, Hamza - Volkswirtschaftliche Fakultät, … - 2014
This paper proposes to assess the usefulness of central banks forward guidance since the start of the global economic crisis. Using a novel approach, the Wordscores methodology, we reveal that since 2009, central banks do provide a temporal guidance of their accommodative policy that can be...
Persistent link: https://www.econbiz.de/10011107997
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Does one word fit all? The asymmetric effects of central banks' communication policy
Bennani, Hamza - Volkswirtschaftliche Fakultät, … - 2014
This paper provides an extension of Morris and Shin's (2002) model (Morris, S., Shin, H. S. (2002). Social value of public information. The American Economic Review, 92(5), 1521-1534.). It considers an "interpretation bias" of the public signal sent by central banks such as the ECB or the FED....
Persistent link: https://www.econbiz.de/10011109133
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War of the Words: How Elites' Communication Changes the Economy
Baerg, Nicole Rae - Volkswirtschaftliche Fakultät, … - 2014
How does variation in the clarity of elites’ communication change the economy? Previous re- search shows that elites’ communication changes the economy, but not all messages are crafted equally. Models of strategic communication suggests that clearer and precise information can improve the...
Persistent link: https://www.econbiz.de/10011110786
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Evaluating the electronic government: advances in the transparency of the State public finances.
Sour, Laura - Volkswirtschaftliche Fakultät, … - 2007
can actually improve its transparency has still not been answered. Following the literature about the effect of the … pressure of globalisation on bureaucratic change, this paper compares the transparency of the figures for public finances found … according to the Ley de Transparecia y Accesso a la Información Pública - LTAIP (Transparency and access to public information …
Persistent link: https://www.econbiz.de/10011108287
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Democracy and Transparency in the Mexican public budget approval process
Sour, Laura - Volkswirtschaftliche Fakultät, … - 2007
The main objective of this paper is to fill the academic gap regarding the actors and determinants in the approval process of the public budget in Mexico. The research question deals with the analysis of the impact of the partisan and budgetary variables during the budget approval process. This...
Persistent link: https://www.econbiz.de/10011111281
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Should Central Banks publish interest rate forecasts? - A Survey
Phan, Tuan - Volkswirtschaftliche Fakultät, … - 2013
As a particular form of transparency, nowadays some central banks publish their interest rate forecasts while many …
Persistent link: https://www.econbiz.de/10011111330
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Changing central bank transparency in Central and Eastern Europe during the financial crisis
Csávás, Csaba; Erhart, Szilárd; Naszódi, Anna; … - Volkswirtschaftliche Fakultät, … - 2012
There is ample empirical evidence in the literature for the positive effect of central bank transparency on the economy …. The main channel is that transparency reduces the uncertainty regarding future monetary policy and thereby it helps agents … to make better investment, and saving decisions. In this paper, we document how the degree of transparency of central …
Persistent link: https://www.econbiz.de/10011111698
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The need for the adoption of International Financial Reporting Standards (IFRS): some explanations for the pace of implementation
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2012
Whilst the impact of globalisation and harmonisation is currently being witnessed around the globe, and the need to embrace the adoption of International Financial Reporting Standards (IFRSs) is becoming increasingly evident, certain jurisdictions have been much quicker in their embrace,...
Persistent link: https://www.econbiz.de/10011111963
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La nécessité d'une adoption (et l'adaptation) mondiale des IFRS (des normes internationales d'information financière): conséquences post-Enron et la restauration de la confiance aux marchés financiers à la suite des crises de 2008 financières et boursières
Ojo, Marianne - Volkswirtschaftliche Fakultät, … - 2012
Many questions have been raised as to whether financial accounting has become more conservative. The value relevance and qualitative characteristics of accounting information have become topics of particular relevance given the role they have assumed in influencing the value judgment of...
Persistent link: https://www.econbiz.de/10011258018