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Were verbal efforts to support the euro effective? : A high-frequency analysis of ECB statements
Jansen, David-Jan; Haan, Jakob de - 2005
Persistent link: https://www.econbiz.de/10002850252
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Statements of ECB officials and their effect on the level and volatility of the Euro-Dollar exchange rate
Jansen, David-Jan; Haan, Jakob de - 2003
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to talk up the euro have not …
Persistent link: https://www.econbiz.de/10011507830
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Statements of ECB Officials and Their Effect on the Level and Volatility of the Euro-Dollar Exchange Rate
Jansen, David-Jan; Haan, Jakob de - 2021
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to "talk up" the euro have …
Persistent link: https://www.econbiz.de/10013319980
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Statements of ECB officials and their effect on the level and volatility of the Euro-Dollar exchange rate
Jansen, David-Jan; Haan, Jakob de - 2003
This paper studies the reaction of the mean and volatility of the euro-dollar exchange rate to statements of ECB … officials during the first years of EMU. We focus on statements on monetary policy and the (potential) strength of the euro. We …. In some cases there are effects of statements on the level of the euro-dollar rate. Efforts to 'talk up' the euro have …
Persistent link: https://www.econbiz.de/10001753630
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Look who's talking : ECB communication during the first years of EMU
Jansen, David-Jan; Haan, Jakob de - 2004
This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic and Monetary Union. We study whether statements by different (groups of) central bankers have been contradictory and whether differences have diminished over time. We find that...
Persistent link: https://www.econbiz.de/10002848006
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Look who's talking : ECB communication during the first years of EMU
Jansen, David-Jan; Haan, Jakob de - 2004
This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic and Monetary Union. We study whether statements by different (groups of) central bankers have been contradictory and whether differences have diminished over time. We find that...
Persistent link: https://www.econbiz.de/10002388561
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An Assessment of the Consistency of ECB Communication Using Wordscores
Jansen, David-Jan - 2011
Wordscores uses word frequencies to extract information from texts with known policy positions. Wordscores uses this information to estimate the unknown policy positions of so - called virgin texts. We apply Wordscores to the ECB President's introductory statements following Governing Council...
Persistent link: https://www.econbiz.de/10013119142
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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 - 2009
Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the information provided by a Taylor rule model in which...
Persistent link: https://www.econbiz.de/10003919419
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An assessment of the consistency of ECB communication using wordscores
Jansen, David-Jan; Haan, Jakob de - 2010
Persistent link: https://www.econbiz.de/10003996920
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Does money matter in the ECB strategy? : New evidence based on ECB communication
Berger, Helge (contributor); Haan, Jakob de (contributor);  … - 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/10003289275