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Essays on central bank transparency
Weber, Christoph Sebastian - 2017
Persistent link: https://www.econbiz.de/10011861514
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Central bank mandates : how differences can influence the content and tone of central bank communication
Bohl, Martin T.; Kanelis, Dimitrios; Siklos, Pierre L. - In: Journal of international money and finance 130 (2023), pp. 1-18
Persistent link: https://www.econbiz.de/10014248775
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Managing expectations : instruments versus targets
Angeletos, Marios; Sastry, Karthik A. - In: The quarterly journal of economics 136 (2021) 4, pp. 2467-2532
Persistent link: https://www.econbiz.de/10012655483
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The unemployment effect of central bank transparency
Weber, Christoph Sebastian - In: Empirical economics : a journal of the Institute for … 59 (2020) 6, pp. 2947-2975
Persistent link: https://www.econbiz.de/10012500890
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The unemployment effect of central bank transparency
Weber, Christoph S. - 2017
economic outcomes. The question is whether higher transparency comes at some cost, i.e. higher unemployment or higher … unemployment variability. Firstly, the article shows in a theoretical model that opaqueness regarding the central bank …’s preferences does not necessarily lead to lower unemployment. Secondly, the paper analyses the main theoretical results of other …
Persistent link: https://www.econbiz.de/10011705413
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Communication, decision-making and the optimal degree of transparency of monetary policy committees
Weber, Anke (contributor) - 2008
This paper develops a theoretical model of dynamic decision-making of a monetary policy committee with heterogeneous members. It investigates the optimal transparency, and the optimal way of transmitting information of committees, by analysing the effects different communication strategies have...
Persistent link: https://www.econbiz.de/10003635036
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Effectiveness of monetary policy communication in Indonesia and Thailand
Sahminan, Sahminan - 2008
Persistent link: https://www.econbiz.de/10003773568
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Communicating with many tongues : FOMC speeches and US financial market reaction
Hayo, Bernd; Kutan, Ali Mustafa; Neuenkirch, Matthias - 2008
This paper studies the effects of FOMC communication on U.S. financial markets’ returns and volatility using a GARCH model over the period from 1998 to 2006. We build a new data set that includes information on all FOMC speeches, post-meeting statements, monetary policy reports and...
Persistent link: https://www.econbiz.de/10003864447
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Domestic or U.S. news : what drives Canadian financial markets?
Hayo, Bernd; Neuenkirch, Matthias - 2009
Using a GARCH model, we study the effects of Canadian and U.S. central bank communication and macroeconomic news on Canadian bond, stock, and foreign exchange market returns and volatility. First, news in both categories and from both countries has an impact on all financial markets. Canadian...
Persistent link: https://www.econbiz.de/10003849833
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Monetary policy implementation and overnight rate persistence
Nautz, Dieter; Scheithauer, Jan - 2009
Overnight money market rates are the predominant operational target of monetary policy. As a consequence, central banks have redesigned the implementation of monetary policy to keep the deviations of the overnight rate from the key policy rate small and short-lived. This paper uses fractional...
Persistent link: https://www.econbiz.de/10003904607