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We use MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favoring an increase in the volume of asset purchases raises the probability of an actual increase at the next meeting. Second, minority voting supporting a higher Bank Rate...
Persistent link: https://www.econbiz.de/10010633768
We use MPC voting records to predict changes in the volume of asset purchases. We find, first, that minority voting favoring an increase in the volume of asset purchases raises the probability of an actual increase at the next meeting. Second, minority voting supporting a higher Bank Rate...
Persistent link: https://www.econbiz.de/10010294403
In this paper, we study whether central bank communication has a positive effect on market participants’ perception of …, satisfaction with unconventional monetary policy, and possible deterioration in independence. Using ordered probit models, we show … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …
Persistent link: https://www.econbiz.de/10011115440
In this paper, we study whether central bank communication has a positive effect on market participants’ perception of …, satisfaction with unconventional monetary policy, and possible deterioration in independence. Using ordered probit models, we show … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …
Persistent link: https://www.econbiz.de/10011096546
their assessment of central bank communication skills and success in conveying objectives as well as the importance of … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability …
Persistent link: https://www.econbiz.de/10011624329
In this paper, we study whether central bank communication has a positive effect on market participants' perception of …, satisfaction with unconventional monetary policy, and possible deterioration in independence. Using ordered probit models, we show … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …
Persistent link: https://www.econbiz.de/10010335868
In this paper, we study whether central bank communication has a positive effect on market participants' perception of …, satisfaction with unconventional monetary policy, and possible deterioration in independence. Using ordered probit models, we show … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …
Persistent link: https://www.econbiz.de/10010435129
their assessment of central bank communication skills and success in conveying objectives as well as the importance of … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability …
Persistent link: https://www.econbiz.de/10011516889
their assessment of central bank communication skills and success in conveying objectives as well as the importance of … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability …
Persistent link: https://www.econbiz.de/10011447433
their assessment of central bank communication skills and success in conveying objectives as well as the importance of … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability …
Persistent link: https://www.econbiz.de/10011447633