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Talking in a Language That Everyone Can Understand? Transparency of Speeches by the ECB Executive Board

Glas, Alexander; Müller, Lena Sophia - 2021

Using novel data on speeches held by members of the European Central Bank's Executive Board, we investigate whether monetary policy transparency has increased over time. With respect to the general public as the target audience, our findings suggest that the European Central Bank successfully...

Persistent link: https://www.econbiz.de/10013245165

ECB Language and Stock Returns – A Textual Analysis of ECB Press Conferences

Möller, Rouven - 2020

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 …

Persistent link: https://www.econbiz.de/10012829731

The speeches of the European central bank's presidents : an NLP study

Warin, Thierry; Sanger, William - In: Global economy journal : GEJ 20 (2020) 2, pp. 2050009-1-2050009-31

Persistent link: https://www.econbiz.de/10012422882

The economic performance of the European Union : issues, trends and policies

Rusek, Antonin (ed.); Fidrmuc, Jarko (ed.) - 2009 - 1. publ.

Persistent link: https://www.econbiz.de/10003730881

The Maastricht convergence criteria and optimal monetary policy for the EMU accession Countries

Lipińska, Anna (contributor) - 2008

The EMU accession countries are obliged to fulfill the Maastrich convergence criteria prior to entering the EMU. This paper uses a DSGE model of a two-sector small open economy, to address the following question: How do the Maastricht convergence criteria modify optimal monetary policy in an...

Persistent link: https://www.econbiz.de/10003778818