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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
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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
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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
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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
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Do Actions Speak Louder than Words? Evaluating Monetary Policy at the Bundesbank
Siklos, Pierre L.; Bohl, Martin T. - 2005
This paper proposes that an important instrument of monetary policy of the Bundesbank, is how it communicates with the public. We argue that communication by senior central bank officials represents an instrument of monetary policy that complements changes in interest rates. Moreover, the...
Persistent link: https://www.econbiz.de/10014061630
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Cacophony in Central Banking? Evidence from Euro Area Speeches on Monetary Policy
Feldkircher, Martin; Hofmarcher, Paul; Siklos, Pierre L. - 2023
about. Text-based ideal point analysis enables us to estimate for each central bank a measure of its ideological position …
Persistent link: https://www.econbiz.de/10014259931
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Is there wisdom in a second opinion? : shadowing the ECB and the Bank of England
Neuenkirch, Matthias; Siklos, Pierre L. - 2011 - This draft: August 2011
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/10009235966
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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
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Is this time different? : war, supply constraints and the resilience of monetary policy
Siklos, Pierre L. - In: War in Ukraine : implications for the ECB : compilation …, (pp. 61-91). 2022
Persistent link: https://www.econbiz.de/10013410935
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The Bundesbank's Communications Strategy and Policy Conflicts with the Federal Government
Bohl, Martin T.; Siklos, Pierre L. - 2005
In this paper we provide an estimate of the likelihood of conflict between the federal government and the Bundesbank for the 1989 - 1998 period. We rely on a novel proxy for the impact of public communication by Bundesbank officials on the probability of conflict, in addition to interest rate,...
Persistent link: https://www.econbiz.de/10014064314