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What's in a Second Opinion? Shadowing the ECB and the Bank of England

Neuenkirch, Matthias; Siklos, Pierre L. - 2013

One way of evaluating how well monetary authorities perform is to provide the public with a regular and independent second opinion. The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professional and academic economists who provide a separate policy rate recommendation...

Persistent link: https://www.econbiz.de/10014179401

What’s in a Second Opinion? Shadowing the ECB and the Bank of England

Siklos, Pierre L. - 2012

The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professionals and academic economists who provide a separate policy rate recommendation in advance of the central bank's announcement. We explore differences between shadow and actual committee decisions based on an...

Persistent link: https://www.econbiz.de/10013102930

What's in a Second Opinion? Shadowing the ECB and the Bank of England

Neuenkirch, Matthias - 2014

Persistent link: https://www.econbiz.de/10013063248

Emotion in Euro Area Monetary Policy Communication and Bond Yields : The Draghi Era

Kanelis, Dimitrios; Siklos, Pierre L. - 2023

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 … by-product of our study is the construction and provision of a synchronized data set for voice and language …

Persistent link: https://www.econbiz.de/10014255461

Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?

Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20

experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking …

Persistent link: https://www.econbiz.de/10012816140

The financial instability - monetary policy nexus : evidence from the FOMC minutes

Kanelis, Dimitrios; Kranzmann, Lars H.; Siklos, Pierre L. - 2025

the Federal Reserve's monetary policy imple- mentation and communication. Utilizing large language models (LLMs) to …

Persistent link: https://www.econbiz.de/10015410650

Emotion in euro area monetary policy communication and bond yields : the Draghi era

Kanelis, Dimitrios; Siklos, Pierre L. - 2022

Persistent link: https://www.econbiz.de/10013479245

When is lift-off? : evaluating forward guidance from the shadow

Neuenkirch, Matthias; Siklos, Pierre L. - 2014 - This draft: January 2014

Monetary policy decisions are typically taken after a committee has deliberated and voted on a proposal. However, there are well-known risks associated with committee-based decisions. In this paper we examine the record of the shadow Monetary Policy Council in Canada. Given the structure of the...

Persistent link: https://www.econbiz.de/10010356192

Government Bond Yields at the Effective Lower Bound : International Evidence

Lombardi, Domenico - 2017

Empirical evidence on the potential impact of central bank policies on government bond yields at the effective lower bound (ELB) is presented for nine economies. We quantify the content of central bank communications and consider international policy spillovers. At the ELB, yields at the...

Persistent link: https://www.econbiz.de/10012958299

The Global Financial Crisis and the Language of Central Banking : Central Bank Guidance in Good Times and in Bad

Siklos, Pierre L. - 2013

whether the language used by central banks has changed since the global financial crisis (GFC) began.Briefly, I find that …

Persistent link: https://www.econbiz.de/10013077046