The present paper studies the consequences of conflicting narratives for the transmission of monetary policy shocks. We focus on conflict between the presidents of the ECB and the Bundesbank, the main protagonists of monetary policy in the euro area, who often disagreed on policy over the past...

This paper uses daily data for the period 2005-2011 to estimate the effects of monetary policy signals on the Nigeria Interbank Offer Rates. After controlling for the contemporaneous effect of the policy action taken at each meeting of the Monetary Policy Committee, we found that these rates are...