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(ii) a large divergence of tone after 2009. The ECB communication becomes persistently more optimistic and less uncertain …-term interest rates respond less strongly to a monetary policy shock if ECB-Bundesbank communication is more cacophonous than on …
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This paper reports the results of a survey among private sector economists about credibility and transparency of central banks. In line with the survey of Alan Blinder among central bankers, we asked participants in Ifo s World Economic Survey to answer questions on the importance and...
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for the 1989 - 1998 period. We rely on a novel proxy for the impact of public communication by Bundesbank officials on the …
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's use of mass communication media to obtain information about the ECB. We employ a unique representative public opinion …
Persistent link: https://www.econbiz.de/10010508550
This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic … have indeed been contradictory. Furthermore, national central banks continue to dominate communication on monetary policy …
Persistent link: https://www.econbiz.de/10011450560