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Persistent link: https://www.econbiz.de/10011544283
In this paper, we examine the relationship between market participants' perception of central bank predictability and … their assessment of central bank communication skills and success in conveying objectives as well as the importance of … respect to the performance of the Bank of England, the Bank of Japan, the European Central Bank, and the Federal Reserve. Our …
Persistent link: https://www.econbiz.de/10011447433
In this paper, we examine the relationship between market participants' perception of central bank predictability and … their assessment of central bank communication skills and success in conveying objectives as well as the importance of … respect to the performance of the Bank of England, the Bank of Japan, the European Central Bank, and the Federal Reserve. Our …
Persistent link: https://www.econbiz.de/10011447633
wage setting is relatively centralized. This result is consistent with recent theoretical approaches to central bank …
Persistent link: https://www.econbiz.de/10003014303
Using a narrative account of quarterly discretionary changes in tax liabilities from 1974Q4 to 2018Q2 in a VAR setting, we study whether legislative tax changes affect the trade balance in the United States, Germany, and the United Kingdom. As legislative tax changes we consider (i) all changes,...
Persistent link: https://www.econbiz.de/10013223234
We study the announcement effect of legislated tax changes on GDP in the US, Germany, and the UK. Using, as the shock of interest, narratively identified information (Romer & Romer, 2009) about future tax changes at the quarter of their introduction to the legislative body, we analyse the...
Persistent link: https://www.econbiz.de/10012649099
European financial markets. We analyse monetary policy actions of the European Central Bank (ECB), the Bank of England, the … Swiss National Bank, and the Swedish Riksbank on major stock indices. First, in line with the Rigobon and Sack (2004 …
Persistent link: https://www.econbiz.de/10009125166
Persistent link: https://www.econbiz.de/10011929485
Using a narrative account of quarterly discretionary changes in tax liabilities from 1974Q4 to 2018Q2 in a VAR setting, we study whether legislative tax changes affect the trade balance in the United States, Germany, and the United Kingdom. As legislative tax changes we consider (i) all changes,...
Persistent link: https://www.econbiz.de/10012543168
Persistent link: https://www.econbiz.de/10014494200