Hayo, Bernd; Neuenkirch, Matthias - Fach Volkswirtschaftslehre, Universität Trier - 2014
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 …