Showing 1 - 10 of 21,481
decision-makers, and that attributed communication can mitigate some of their effects. …
Persistent link: https://www.econbiz.de/10014380707
This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook … they are also useful for policymakers to define a communication strategy that attenuates ex-ante inflation uncertainty in …
Persistent link: https://www.econbiz.de/10012603073
central bank communication and the management of expectations referring to a practical institutional example, we also comment … on the role the Monetary Dialogue in the context of an evolving monetary policy. Communication is finally described as a …
Persistent link: https://www.econbiz.de/10011691556
central bank communication and the management of expectations referring to a practical institutional example, we also comment …) before the European Parliament (EP), in the context of an evolving monetary policy. Communication is finally described as a …
Persistent link: https://www.econbiz.de/10011644116
We examine howthe verbal complexity of ECB communications affectsfi-nancial market trading based on high-frequency data fromEuropean stock index futures trading. Studying the 34 events between May 2009 and June 2017, during which the ECB Governing Council press conferences covered unconventional...
Persistent link: https://www.econbiz.de/10012039675
This paper investigates the financial market effects of the ECB's communication on the Pandemic Emergency Purchase … Programme (PEPP). Using data for 10 euro area countries, we first analyse the impact of different communication channels such as … whether spreads react differently to communication by specific ECB Executive Board members. Markets turn out to be sensitive …
Persistent link: https://www.econbiz.de/10014330976
This paper examines whether central bank communication stabilises euro area inflation expectations through the … visitors’ attention to its communication. We conduct several econometric tests with daily data to measure the impact of ECB … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that …
Persistent link: https://www.econbiz.de/10013227730
. -- monetary policy ; ECB ; forecast ; geography ; history; heterogeneity; Taylor rule ; learning ; transmission ; survey data … countries, we find remarkable differences in forecast accuracy, and show that they are partly related to geography and … involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand …
Persistent link: https://www.econbiz.de/10003370562
countries, we find remarkable differences in forecast accuracy, and show that they are partly related to geography and … involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand … banking in the past. In large part this heterogeneity can be traced to differences in forecasting models. While some …
Persistent link: https://www.econbiz.de/10013318108
This article examines the magnitude of stock market reactions around European Central Bank (ECB) monetary policy announcements. Since the introduction of ECB, the declining absolute abnormal returns have been compatible with stock market learning from ECB monetary policy making. The Eurozone...
Persistent link: https://www.econbiz.de/10013092215