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Look who's talking : ECB communication during the first years of EMU

Jansen, David-Jan; de Haan, Jakob - 2004

This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic and Monetary Union. We study whether statements by different (groups of) central bankers have been contradictory and whether differences have diminished over time. We find that...

Persistent link: https://www.econbiz.de/10010261249

The importance of being vigilant: has ECB communication influenced Euro area inflation expectations?

Jansen, David-Jan; de Haan, Jakob - 2007

Using daily data on inflation-indexed bonds, we find evidence of a negative relationship between ECB communication regarding risks to price stability - measured on the basis of the frequency and strength of the keyword vigilance' - and changes in euro area break-even inflation. However, this...

Persistent link: https://www.econbiz.de/10010274042

Transparency of Banking Supervisors

Liedorp, Franka R. - 2011

Following Eijffinger and Geraats (2006), we construct an index of transparency of banking supervisors that takes … political, economic, procedural, policy and operational transparency into account. Based on a survey, we construct the index for … 24 banking supervisors. There are large differences among transparency of supervisors. The average total score is 9 …

Persistent link: https://www.econbiz.de/10013118975

Knowledge and Opinions About Banking Supervision : Evidence from a Survey of Dutch Households

van der Cruijsen, Carin - 2011

What does the general public know about banking supervision? What objectives does the public think bank supervisors should pursue? We investigate these issues using a survey among Dutch households. First, we find that the public's knowledge about banking supervision is far from perfect. We also...

Persistent link: https://www.econbiz.de/10013119108

An Assessment of the Consistency of ECB Communication Using Wordscores

Jansen, David-Jan - 2011

Wordscores uses word frequencies to extract information from texts with known policy positions. Wordscores uses this information to estimate the unknown policy positions of so - called virgin texts. We apply Wordscores to the ECB President's introductory statements following Governing Council...

Persistent link: https://www.econbiz.de/10013119142

How Much Does the Public Know About the ECB's Monetary Policy? Evidence from a Survey of Duch Households

van der Cruijsen, Carin - 2011

Does the general public know what central banks do? Is this kind of knowledge relevant? Using a survey of Dutch households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge on the ECB's objectives is far from perfect. Both a weak...

Persistent link: https://www.econbiz.de/10013119263

Does Central Bank Communication Really Lead to Better Forecasts of Policy Decisions? New Evidence Based on a Taylor Rule Model for the ECB

Sturm, Jan-Egbert - 2013

Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the information provided by a Taylor rule model in which...

Persistent link: https://www.econbiz.de/10013095692

Look Who's Talking : ECB Communication During the First Years of Emu

de Haan, Jakob; Jansen, David-Jan - 2021

Persistent link: https://www.econbiz.de/10013319026

Credibility and Transparency of Central Banks : New Results Based on Ifo's World Economic Survey

de Haan, Jakob; Waller, Sandra - 2021

This paper reports the results of a survey among private sector economists about credibility and transparency of …

Persistent link: https://www.econbiz.de/10013319246

Restructuring the ECB

Berger, Helge; de Haan, Jakob; Inklaar, Robert - 2021

Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...

Persistent link: https://www.econbiz.de/10013319619