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Does central bank communication really lead to better forecasts of policy decisions? New evidence based on a Taylor rule model for the ECB

Sturm, Jan-Egbert; Haan, Jakob de - KOF Swiss Economic Institute, Department of Management, … - 2009

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …

Persistent link: https://www.econbiz.de/10004969854

Does Money Matter in the ECB Strategy? New Evidence Based on ECB Communication

Berger, Helge; Haan, Jakob de; Sturm, Jan-Egbert - KOF Swiss Economic Institute, Department of Management, … - 2006

We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...

Persistent link: https://www.econbiz.de/10005731470

Persuasion and dynamic communication

Sher, Itai - In: Theoretical Economics 9 (2014) 1

A speaker attempts to persuade a listener to accept a request by presenting evidence. A persuasion rule specifies what evidence is persuasive. This paper compares static and dynamic rules. We present a single linear program (i) whose solution corresponds to the listener's optimal dynamic rule...

Persistent link: https://www.econbiz.de/10010738407

Price discrimination through communication

Sher, Itai; Vohra, Rakesh - In: Theoretical Economics 10 (2015) 2

We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value. We show that a condition very close to transparency of buyer segments is necessary and sufficient for the optimal mechanism to be deterministic--hence akin to classic third...

Persistent link: https://www.econbiz.de/10010777681