Showing 1 - 10 of 1,350
Persistent link: https://www.econbiz.de/10011618396
We compare the findings of central bank researchers and academic economists regarding the macroeconomic effects of … quantitative easing (QE). We find that central bank papers find QE to be more effective than academic papers do. Central bank …, both statistically and economically, and they use more positive language in the abstract. Central bank researchers who …
Persistent link: https://www.econbiz.de/10012603079
, it detects the topics and sentiments in parliamentary hearings of the Bank of England, the European Central Bank and the … Federal Reserve from 1999 to 2019. It shows that, while central bank objectives play the most relevant role in determining the … when uncertainty is higher and when inflation is more distant from the central bank's inflation aim. These findings suggest …
Persistent link: https://www.econbiz.de/10012241292
and therefore policy outcomes. We then apply our results to the Bank of England and the Federal Reserve. A general finding … expressed by the members, as is the case at the Bank of England and appears to be the case in the FOMC under Chairman Bernanke …. -- Monetary policy committee ; voting ; Bank of England ; Federal Open Market Committee …
Persistent link: https://www.econbiz.de/10003867075
, the Federal Reserve and the Bank of England. In particular, the paper discusses the design, implementation and impact of …This paper describes the response of three central banks to the 2007-09 financial crisis: the European Central Bank …
Persistent link: https://www.econbiz.de/10008659377
Persistent link: https://www.econbiz.de/10011288680
The paper shows that central bank communication is a key determinant of the market's ability to anticipate monetary … policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of … England and the ECB since 1999, we find that communicating the diversity of views among committee members about monetary …
Persistent link: https://www.econbiz.de/10003209188
Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances …
Persistent link: https://www.econbiz.de/10003230443
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … strategy amid a collegial approach to decision-making, while the Bank of England is using a collegial communication strategy … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking …
Persistent link: https://www.econbiz.de/10003014292
This paper investigates whether the funding behaviour of euro area debt management offices (DMOs) changed with the start of the ECB's Public Sector Purchase Programme (PSPP). Our results show that (i) lower yield levels and (ii) PSPP purchases supported higher maturities at issuance. The former...
Persistent link: https://www.econbiz.de/10012518265