Showing 1 - 10 of 346
We combine modern methods from Speech Emotion Recognition and Natural Language Processing with high-frequency financial data to analyze how the vocal emotions and language of ECB President Mario Draghi affect the yield curve of major euro area economies. Vocal emotions significantly impact the...
Persistent link: https://www.econbiz.de/10014255461
We combine modern methods from Speech Emotion Recognition and Natural Language Processing with high-frequency financial data to precisely analyze how the vocal emo- tions and language of ECB President Mario Draghi affect the yields and yield spreads of major euro area economies. This novel...
Persistent link: https://www.econbiz.de/10015419938
Doubts continue to be expressed about the net benefits of announcing an explicit inflation objective versus a more … that do not explicitly target inflation (e.g., the US Fed, the ECB) emphasize the primacy of price stability as the sine … vanguard of the inflation targeting policy strategy, namely Australia, Canada, and New Zealand, and use the resulting estimates …
Persistent link: https://www.econbiz.de/10013156549
Persistent link: https://www.econbiz.de/10001134418
Persistent link: https://www.econbiz.de/10012415916
and actual nominal GDP in the McCallum rule, as well as the output and inflation gaps in the Taylor rule. We find a …
Persistent link: https://www.econbiz.de/10015371222
A magyar monetáris politika elmúlt évtizedét makroökonómia-tankönyvi modell keretében értékeljük, függetlenül a gazdaságpolitikai feltételek és a politikai hatások változásától. A monetáris politikát a gazdaságpolitika kulcselemeként értelmezzük, amelynek célja a...
Persistent link: https://www.econbiz.de/10010962650
The degree to which explicit inflation targets contribute to the success of price stabilization policies has not been … conclusively established. To assess the impact of announced inflation targets on the effectiveness of monetary policy, we construct … indicators of inflation pressure that allow us to characterize the impact and effectiveness of monetary policy quantitatively. We …
Persistent link: https://www.econbiz.de/10005585301
Speculation about the consequences of a break-up of the eurozone, a worsening sovereign debt crisis or a prolonged recession in the European Union have all in recent years made the headlines. At first glance, the effect that such events might have on the Canadian macroeconomy might appear small....
Persistent link: https://www.econbiz.de/10013057480
Persistent link: https://www.econbiz.de/10012880913