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inflation environment, and that the media’s coverage of decisions is generally highly responsive to ECB communication – in …Media coverage of monetary policy actions is a central channel of a central bank’s communication with the wider public …, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB …
Persistent link: https://www.econbiz.de/10011604725
households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge … on the ECB’s objectives is far from perfect. Both a weak desire to be informed and unawareness of insufficient knowledge …
Persistent link: https://www.econbiz.de/10011605311
transparency and communication strategies of the central banks. The results of the Survey reveal that today the central banks pay … process. The overall conclusion of the Monetary policy communication Survey is that the communication and the transparency of …This paper summarizes the results of a Survey on Monetary policy Communication conducted among central banks in Central …
Persistent link: https://www.econbiz.de/10011717595
We examine the European Central Bank's ad-hoc communication and explore how it informs future monetary policy decisions …. Using the rich dataset of the intermeeting verbal communication among the members of the European Central Bank's Governing … Council between 2008 and 2014, we construct a measure of communication assessing its inclination towards easing, tightening or …
Persistent link: https://www.econbiz.de/10012010470
We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB … interest rate decisions suggest that the ECB's words (monetary-sector based policy intensions) are not an important determinant …
Persistent link: https://www.econbiz.de/10010299092
and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …
Persistent link: https://www.econbiz.de/10010299102
We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB … interest rate decisions suggest that the ECB's words (monetary-sector based policy intensions) are not an important determinant …
Persistent link: https://www.econbiz.de/10010285913
We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB … interest rate decisions suggest that the ECB's words (monetary-sector based policy intensions) are not an important determinant …
Persistent link: https://www.econbiz.de/10010261407
This paper shows that a different communication style of the European Central Bank (ECB) affects stock prices … differently. A break in the ECB's communication from 2016 onwards makes it necessary to adjust the identification of monetary …
Persistent link: https://www.econbiz.de/10012803259
examine whether this form of ECB communication adds information to a shadow interest rate that summarises the overall policy … stance as interpreted by financial markets. To measure communication, we use information based on ECB press releases … interest rates have hit their effective lower bounds (ELB). In case of the European Central Bank (ECB), this should have …
Persistent link: https://www.econbiz.de/10012105109