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More than a feeling : confidence, uncertainty and macroeconomic fluctuations

Nowzohour, Laura; Stracca, Livio - 2017

sentiment (considering both confidence and uncertainty) and economic activity. Second, we review existing empirical measures of … sentiment, in particular consumer confidence, stock market volatility (SMV) and Economic Policy Uncertainty (EPU), on monthly … across countries, suggesting the existence of a global factor. Consumer confidence has the closest co-movement with economic …

Persistent link: https://www.econbiz.de/10011719915

Horizontal and vertical integration in securities trading and settlement

Tapking, Jens (contributor); Yang, Jing (contributor) - 2004

Persistent link: https://www.econbiz.de/10002233689

Monetary policy in the media

Berger, Helge (contributor); Ehrmann, Michael (contributor); … - 2006

Media coverage of monetary policy actions is a central channel of a central bank's communication with the wider public, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB monetary policy decisions receive in the print media, and...

Persistent link: https://www.econbiz.de/10003375096

Financial advice and stock market participation

Georgarakos, Dimitris; Inderst, Roman - 2011

We introduce professional financial advice in households' choice to hold risky financial assets. Consistent with the predictions from a formal model, we present evidence that households' trust in financial advice only matters when their perceived own financial capability is low. Instead, for...

Persistent link: https://www.econbiz.de/10008901451

Social value of public information : testing the limits to transparency

Ehrmann, Michael (contributor); … - 2007

Transparency has become an almost universal virtue among central banks. The paper tests empirically, for the case of the Federal Reserve, two hypotheses about central bank transparency derived from the debate of Morris and Shin (2002) and Svensson (2006). First, the paper finds that the...

Persistent link: https://www.econbiz.de/10003599312

The confidence effects of fiscal consolidations

Beetsma, Roel; Cimadomo, Jacopo; Furtuna, Oana; … - 2015

Persistent link: https://www.econbiz.de/10010516551

Explaining EU citizens’ trust in the ECB in normal and crisis times

Ehrmann, Michael; Soudan, Michel; Stracca, Livio - 2012

Persistent link: https://www.econbiz.de/10009765929

The international dimension of confidence shocks

Dées, Stéphane; Güntner, Jochen - 2014

Persistent link: https://www.econbiz.de/10010380008

Instinctive versus reflective trust in the European Central Bank

Angino, Siria; Secola, Stefania - 2022

Political science research has established that trust in institutions, including central banks, is shaped by socio-economic and demographic factors, as well as by the assessment of institutional features and by slow-moving components such as culture. However, the role of cognitive processes has...

Persistent link: https://www.econbiz.de/10013189267

Trust in the central bank and inflation expectation

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020

Using micro data from the 2015 Dutch CentERpanel, we examine whether trust in the European Central Bank (ECB) influences individuals' expectations and uncertainty about future inflation, and whether it anchors inflation expectations. We find that higher trust in the ECB lowers inflation...

Persistent link: https://www.econbiz.de/10012165306