tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in … European Central Bank’s (ECB’s) announcement of its Outright Monetary Transactions (OMT) program in 2012. At the same time …, Italy and Spain became more interdependent after the OMT announcement, providing our only evidence of contagion. While this …

tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in … European Central Bank's (ECB's) announcement of its Outright Monetary Transactions (OMT) program in 2012. At the same time …, Italy and Spain became more interdependent after the OMT announcement, providing our only evidence of contagion. While this …

tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in … European Central Bank’s (ECB’s) announcement of its Outright Monetary Transactions (OMT) program in 2012. At the same time …, Italy and Spain became more interdependent after the OMT announcement, providing our only evidence of contagion. While this …

tests for contagion (i.e., an intensification in the transmission of shocks across countries), fragmentation (a reduction in … after the European Central Bank’s (ECB’s) announcement of its Outright Monetary Transactions (OMT) program in 2012. At the … same time, Italy and Spain became more interdependent after the OMT announcement, providing our only evidence of contagion …

public. Using the case of the European Central Bank (ECB), the paper analyses the favorableness with which monetary policy … information communicated by the ECB. There are, however, also indications of a critical monitoring role assumed by the media …, which tends to report more negatively on ECB policy decisions when inflation exceeds the inflation target. …

and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …

, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB … that the press critically discusses the ECB’s policy decisions in the context of prior market expectations and of the … inflation environment, and that the media’s coverage of decisions is generally highly responsive to ECB communication – in …

and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …

and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …