their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …

their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results …

It has been proposed that central banks should target Nominal GDP (NGDP),as an alternative to targeting the money … a nominal GDP target, which automatically divides an adverse supply shock equally between impacts on inflation and real … GDP. The argument can be illustrated in a model where the ultimate objective is minimizing a quadratic loss function in …

reflect ex ante skill or other factors impacting ex post sampling variation such as the nature of economic shocks that …

the three latent decisions. This approach identi fies the driving factors and probabilities of three types of zeros: the …

quarterly gross domestic product (GDP) of Germany. First, ECB presidents' speeches are analysed to obtain the emotion indicators … mixed frequency data and the nowcasting model estimation for GDP is performed with these data using the expectation … forecast scenario is performed to demonstrate the effects of emotion indicators in the nowcasting model of GDP which shows a …

; disagreement ; survey expectations ; monetary policy ; inflation targeting ; central bank communication ; forecasting …