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We examine how the language used by central bank officials in public press conferences influences stock returns in the … euro area. In line with the concept of Odyssean Forward Guidance, we find that using constraining language to express … analysis, we provide strong evidence that market participants interpret higher levels of uncertain language in the economic …
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What determines a country's ability to compete in international markets? What fosters the global competitiveness of its firms? And in the European context, have key elements of the EU strategy such as EMU and enlargement helped or hindered domestic firms' competitiveness in local and global...
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