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Predicting Bank of England's asset purchase decisions with MPC voting records
Neuenkirch, Matthias - In: Applied economics letters 20 (2013) 13/15, pp. 1275-1278
Persistent link: https://www.econbiz.de/10010198475
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Predicting Bank of England’s Asset Purchase Decisions with MPC Voting Records
Neuenkirch, Matthias - Volkswirtschaft Abteilung, Fachbereich … - 2013
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
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Predicting Bank of England's asset purchase decisions with MPC voting records
Neuenkirch, Matthias - 2013
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
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Central banks' predictability : an assessment by financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2016 - This version: 3 April 2016
In this paper, we examine the relationship between market participants' perception of central bank predictability and … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability … contribute to better central bank predictability. This raises doubts about the widely-held notion that implementing ever more …
Persistent link: https://www.econbiz.de/10011447433
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Central banks' predictability : an assessment by financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2016 - This version: 6 April 2016
In this paper, we examine the relationship between market participants' perception of central bank predictability and … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability … contribute to better central bank predictability. This raises doubts about the widely-held notion that implementing ever more …
Persistent link: https://www.econbiz.de/10011447633
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The determinants of disagreement between the FOMC and the Fed's staff : new insights based on a counterfactual interest rate
Bennani, Hamza; Kranz, Tobias; Neuenkirch, Matthias - 2017
We examine the degree and sources of disagreement between the Federal Open Market Committee (FOMC) and the Federal Reserve's (Fed's) staff about the appropriate policy rate for the period 1987-2011. For that purpose, we compute a counterfactual interest rate for the Fed's staff , based on its...
Persistent link: https://www.econbiz.de/10011752222
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Central banks' predictability: An assessment by financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2016
In this paper, we examine the relationship between market participants' perception of central bank predictability and … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability … contribute to better central bank predictability. This raises doubts about the widely-held notion that implementing ever more …
Persistent link: https://www.econbiz.de/10011624329
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Central banks' predictability: An assessment by financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2016
In this paper, we examine the relationship between market participants' perception of central bank predictability and … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability … contribute to better central bank predictability. This raises doubts about the widely-held notion that implementing ever more …
Persistent link: https://www.econbiz.de/10011516889
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Financial stability and the fed : evidence from congressional hearings
Wischnewsky, Arina; Jansen, David-Jan; Neuenkirch, Matthias - 2019 - This version: May 2019
This paper retraces how financial stability considerations interacted with U.S. monetary policy before and during the Great Recession. Using text-mining techniques, we construct indicators for financial stability sentiment expressed during testimonies of four Federal Reserve Chairs at...
Persistent link: https://www.econbiz.de/10012012436
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Financial stability and the Fed : evidence from congressional hearings
Wischnewsky, Arina; Jansen, David-Jan; Neuenkirch, Matthias - 2019 - This version: May 2019
This paper retraces how financial stability considerations interacted with U.S. monetary policy before and during the Great Recession. Using text-mining techniques, we construct indicators for financial stability sentiment expressed during testimonies of four Federal Reserve Chairs at...
Persistent link: https://www.econbiz.de/10012024389