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The Icelandic economy has been severely affected by the pandemic. Sharp tourism contraction and containment measures caused real GDP to plummet by 6.6 percent in 2020. A modest recovery will take hold in 2021. Recovery prospects in the tourism sector depend on control of the epidemic and...
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Media coverage of monetary policy actions is a central channel of a central bank's communication with the wider public … monetary policy decisions receive in the print media, and the determinants of its extent and of its favorableness. We find that … inflation environment, and that the media's coverage of decisions is generally highly responsive to ECB communication in …
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markets, insights regarding the response of the public is lacking. Media is known to be an important transmitter of news to … policy presented in the media are affected by central bank communication and interest rate decisions …
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Media coverage of monetary policy actions is a central channel of a central bank's communication with the wider public … monetary policy decisions receive in the print media, and the determinants of its extent and of its favorableness. We find that … inflation environment, and that the media's coverage of decisions is generally highly responsive to ECB communication - in …
Persistent link: https://www.econbiz.de/10013317451
Using the variation in national television news of four major member states in the Eurozone, we find causal effects of coverage of high-frequency identified monetary policy announcements on households' inflation expectations in an event study and a generalized Difference-in-Differences approach...
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