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Effect of Monetary Policies on the Relationship between Advertising and Mutual Fund Flows
Wu, Ming-Hung - 2017
between advertising and subsequent net cash flows for Taiwan's mutual fund industry. Based on a comprehensive mutual fund … dataset and allowing for a precise estimation of fund inflows and outflows, we find that there is positive advertising … advertising works well during relatively low interest rate environments, which are generally interpreted as exhibiting low cost of …
Persistent link: https://www.econbiz.de/10012956355
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The effect of monetary policies on the relationship between advertising and mutual fund flows
Wu, Ming-Hung; Tsai, Wei-Che; Chen, Miao-Ling - In: Asia-Pacific journal of financial studies 45 (2016) 5, pp. 673-704
Persistent link: https://www.econbiz.de/10011630771
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Zentralbank-Kommunikation und Finanzstabilität : eine Bestandsaufnahme
Knütter, Rolf; Mohr, Benjamin - 2008
Persistent link: https://www.econbiz.de/10003795480
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Why price stability? : First ECB Central Banking Conference, November 2000, Frankfurt, Germany
García Herrero, Alicia (contributor);  … - 2001
Persistent link: https://www.econbiz.de/10001593869
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Price setting behaviour, sectoral inflation dynamics and monetary policy
Kaufmann, Daniel - 2010
Persistent link: https://www.econbiz.de/10008728338
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Equal size, equal role? Interest rate interdependence between the Euro area and the United States
Ehrmann, Michael; Fratzscher, Marcel - 2003
This paper investigates whether the degree and the nature of economic and monetary policy interdependence between the United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the perspective of financial markets by analysing the...
Persistent link: https://www.econbiz.de/10010298252
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Global financial transmission of monetary policy shocks
Ehrmann, Michael; Fratzscher, Marcel - 2006
The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity markets worldwide, we find that returns fall on average around 3.8% in response to a 100 basis point tightening of US monetary policy, ranging from a zero response in some to a...
Persistent link: https://www.econbiz.de/10011604662
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Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy?
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006
The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the best and worst-performers...
Persistent link: https://www.econbiz.de/10011604741
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Monetary Policy Shocks and Portfolio Choice
Fratzscher, Marcel; Saborowski, Christian; Straub, Roland - 2009
The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1% of GDP, and explaining about 20-25% of...
Persistent link: https://www.econbiz.de/10011605168
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Measuring the time-inconsistency of US monetary policy
Surico, Paolo - 2003
This paper offers an alternative explanation for the behavior of postwar US inflation by measuring a novel source of monetary policy time-inconsistency due to Cukierman (2002). In the presence of asymmetric preferences, the monetary authorities end up generating a systematic inflation bias...
Persistent link: https://www.econbiz.de/10009635891