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Bank of Canada communication and the predictability of Canadian monetary policy
Hayo, Bernd; Neuenkirch, Matthias - 2009
We explain changes in the Canadian target rate using macroeconomic variables and Bank of Canada (BOC) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to predict 60 target rate decisions between 1998 and 2006. We find that BOC communication is...
Persistent link: https://www.econbiz.de/10010271162
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Does FOMC communication help predicting federal funds target rate changes?
Hayo, Bernd; Neuenkirch, Matthias - 2009
We explain changes in the federal funds target rate using macroeconomic variables and Federal Open Market Committee (FOMC) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to predict 75 target rate decisions between 1998 and 2006. We find, first, that...
Persistent link: https://www.econbiz.de/10010271168
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Canadian Interest Rate Setting: The Information Content of Canadian and U.S. Central Bank Communication
Hayo, Bernd; Neuenkirch, Matthias - Volkswirtschaft Abteilung, Fachbereich … - 2009
We explain Canadian target rate decisions using macroeconomic variables as well as Bank of Canada (BOC) and Federal Reserve (Fed) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to explain and predict 60 target rate decisions between 1998 and 2006....
Persistent link: https://www.econbiz.de/10004967619
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Do Federal Reserve Communications Help Predict Federal Funds Target Rate Decisions?
Hayo, Bernd; Neuenkirch, Matthias - Volkswirtschaft Abteilung, Fachbereich … - 2009
We explain federal funds target rate decisions using macroeconomic variables and Federal Reserve communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to predict 75 target rate decisions between 1998 and 2006. We find, first, that our communication...
Persistent link: https://www.econbiz.de/10005012484
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Bank of Canada communication and the predictability of Canadian monetary policy
Hayo, Bernd; Neuenkirch, Matthias - 2009
We explain changes in the Canadian target rate using macroeconomic variables and Bank of Canada (BOC) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to predict 60 target rate decisions between 1998 and 2006. We find that BOC communication is...
Persistent link: https://www.econbiz.de/10003889007
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Households' inflation perceptions and expectations : survey evidence from New Zealand
Hayo, Bernd; Neumeier, Florian - 2018
In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique … aspects of how laypersons perceive inflation and form inflation expectations. We focus on how an individual's economic … situation, information search and interest in inflation, economic knowledge, and attitudes and values are related to inflation …
Persistent link: https://www.econbiz.de/10011794056
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Households' inflation perceptions and expectations : survey evidence from New Zealand
Hayo, Bernd; Neumeier, Florian - 2018 - First draft: 2 February 2018
In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique … aspects of how laypersons perceive inflation and form inflation expectations. We focus on how an individual's economic … situation, information search and interest in inflation, economic knowledge, and attitudes and values are related to inflation …
Persistent link: https://www.econbiz.de/10011803738
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Monetary policy committee transparency: Measurement, determinants, and economic effects
Hayo, Bernd; Mazhar, Ummad - 2011
inflation, quality of institutional setup, and extent of Internet use in a country are important determinants of MPCT. MPCT has … a robust and significantly negative impact on inflation variability, even after controlling for important macroeconomic …
Persistent link: https://www.econbiz.de/10010286350
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Monetary policy committee transparency : measurement, determinants, and economic effects
Hayo, Bernd; Mazhar, Ummad - 2011 - This version: 28 September 2011
inflation, quality of institutional setup, and extent of Internet use in a country are important determinants of MPCT. MPCT has … a robust and significantly negative impact on inflation variability, even after controlling for important macroeconomic …
Persistent link: https://www.econbiz.de/10009305845
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Central Bank independence in New Zealand : public knowledge about and attitude towards the policy target agreement
Hayo, Bernd; Neumeier, Florian - 2018
attitude towards a specific monetary policy institution, the Policy Target Agreement (PTA). The PTA contains the inflation …
Persistent link: https://www.econbiz.de/10011918368