affects prices of both government and other bonds via "broad" transmission channels, but only government bond prices through … Australia purchased most of the outstanding amount of the targeted government bond, and its yield dislocated from other …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President's introductory statement at the press conference following an … ECB policy meeting. Our results suggest that even though the indicators are sometimes quite different from one another …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President's introductory statement at the press conference following an … ECB policy meeting. Our results suggest that even though the indicators are sometimes quite different from one another …

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the …- and under-representation of member countries in the ECB Council might be extreme by the standards of the US Fed and German …

, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB … that the press critically discusses the ECB’s policy decisions in the context of prior market expectations and of the … inflation environment, and that the media’s coverage of decisions is generally highly responsive to ECB communication – in …

national central banks had not handed over monetary policy to the ECB. Using estimates of monetary policy reaction functions …

. Finally, after arguing that the ECB’s monetary policy which fruitfully combines past experience and current research is a …

investment-grade bonds, a segment in which the share of bonds eligible to the ECB corporate programmes strikingly increased from …