Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10000613017
The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro zone and that diverging regional developments are disregarded. However, experience from other two tier central banks and theoretical considerations suggest that this official...
Persistent link: https://www.econbiz.de/10011447829
Persistent link: https://www.econbiz.de/10004327972
Persistent link: https://www.econbiz.de/10004305039
We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government … bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players - the ECB or the EU … only for the announcement of the 'Next Generation EU' program. In contrast, a temporary relaxation of European fiscal rules …
Persistent link: https://www.econbiz.de/10012534642
In this analysis, the informational content of central bank rhetoric is assessed based on the experience with the ECB since 1999. Among the ECB's communication channels we focus on the monthly press conferences. Based on a counting of certain signal words we construct a wording indicator...
Persistent link: https://www.econbiz.de/10014061640
The official view on ECB monetary policy claims that monetary decisions are based solely on average data for the euro zone and that diverging regional developments are disregarded. However, experience from other two tier central banks and theoretical considerations suggest that this official...
Persistent link: https://www.econbiz.de/10014090225
Persistent link: https://www.econbiz.de/10014273476
Persistent link: https://www.econbiz.de/10013428511
We use event study regressions to compare the impact of EU monetary versus fiscal policy announcements on government … bond spreads of ten euro member countries. Our motivation is to evaluate which of the two players – the ECB or the EU … only for the announcement of the ‘Next Generation EU’ program. In contrast, a temporary relaxation of European fiscal rules …
Persistent link: https://www.econbiz.de/10013221648