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Central Bank Transparency, the Accuracy of Professional Forecasts, and Interest Rate Volatility
Middeldorp, Menno H. - 2011
openness from public institutions. Policymakers also see transparency as a way to improve the predictability of monetary policy …. However, there are three reasons why more research is needed. First, some (mostly theoretical) work suggests that transparency … volatility. To extend the literature, I use the Dincer and Eichengreen (2007) transparency index for twenty-four economies of …
Persistent link: https://www.econbiz.de/10013124570
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Inflation Expectations of Experts and ECB Communication
Ullrich, Katrin - 2008
The communication policy of the European Central Bank attracts a lot of attention from financial markets. This paper analyses the informational content of the monthly introductory statements of the ECB president explaining interest rate decisions with regard to inflation expectations of...
Persistent link: https://www.econbiz.de/10012726274
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Central bank transparency, the accuracy of professional forecasts, and interest rate volatility
Middeldorp, Menno - 2011
openness from public institutions. Policymakers also see transparency as a way to improve the predictability of monetary policy …. However, there are three reasons why more research is needed. First, some (mostly theoretical) work suggests that transparency … volatility. To extend the literature, I use the Dincer and Eichengreen (2007) transparency index for twenty-four economies of …
Persistent link: https://www.econbiz.de/10009130516
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CentralBankRoBERTa : A fine-tuned large language model for central bank communications
Pfeifer, Moritz; Marohl, Vincent P. - In: The Journal of finance and data science : JFDS 9 (2023), pp. 1-11
Central bank communications are an important tool for guiding the economy and fulfilling monetary policy goals. Natural language processing (NLP) algorithms have been used to analyze central bank communications. These outdated bag-of-words methods often ignore context and cannot distinguish who...
Persistent link: https://www.econbiz.de/10014513983
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Central bank independence and democracy : does transparency matter?
Fayed, Mona Esam; Ezzat, Asmaa Mohamed - In: Contemporary economics 14 (2020) 2, pp. 90-111
authority. Thus, this study empirically examines the potential effects of central bank transparency and independence on … disentangling the impact of independence and transparency on democracy. To this end, we regress democracy on both CBI and CB … transparency, besides some control variables, for a sample of 100 central banks in year 2010. The preliminary results indicate that …
Persistent link: https://www.econbiz.de/10012237226
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Do time poor individuals pay more?
Rathjen, Tim - 2011
There is a rising number of concepts that try to describe the broad perception of time poverty. Though detailed time poverty analyses are available, still little is said about its impacts on the individual behaviour. Within this article, a possible new implication is analysed: The author tests...
Persistent link: https://www.econbiz.de/10009680105
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Do time poor individuals pay more?
Rathjen, Tim - 2011
There is a rising number of concepts that try to describe the broad perception of time poverty. Though detailed time poverty analyses are available, still little is said about its impacts on the individual behaviour. Within this article, a possible new implication is analysed: The author tests...
Persistent link: https://www.econbiz.de/10009576637
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Does transparency of central banks communication affect credit market? : empirical evidence for advanced and emerging markets
Tiberto, Bruno Pires; Moraes, Claudio Oliveira de; Pio … - In: The North American journal of economics and finance : a … 53 (2020), pp. 1-20
Persistent link: https://www.econbiz.de/10012642420
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Does central bank transparency and communication affect financial and macroeconomic forecasts?
Lustenberger, Thomas; Rossi, Enzo - 2018
country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large …
Persistent link: https://www.econbiz.de/10011790688
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Interest rate surprises : a tale of two shocks
Nunes, Ricardo; Ozdagli, Ali; Tang, Jenny - 2022 - This version: January 2022
Interest rate surprises around FOMC announcements reveal both the surprise in the monetary policy stance (the pure policy shock) and interest rate movements driven by exogenous information about the economy from the central bank (the information shock). In order to disentangle the effects of...
Persistent link: https://www.econbiz.de/10012815123