Showing 1 - 10 of 15,661
their assessment of central bank communication skills and success in conveying objectives as well as the importance of … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability …
Persistent link: https://www.econbiz.de/10011447433
their assessment of central bank communication skills and success in conveying objectives as well as the importance of … and their overall communication skills on the one hand, and market participants' perception of the banks' predictability …
Persistent link: https://www.econbiz.de/10011447633
This paper summarizes the results of a Survey on Monetary policy Communication conducted among central banks in Central … 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 …
Persistent link: https://www.econbiz.de/10011717595
Persistent link: https://www.econbiz.de/10012545129
There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper provides an overview of the ways in which central banks have been providing more information about their monetary policymaking. Furthermore, it reviews the theoretical literature on...
Persistent link: https://www.econbiz.de/10010237274
Using a GARCH model, we analyze the influence of U.S. monetary policy action and communication on the price volatility … bank communication during the recent financial crisis: the "calming" effect of communication found for the whole sample is … partly offset during that period. -- Central Bank Communication ; Commodities ; Federal Reserve Bank ; Monetary Policy …
Persistent link: https://www.econbiz.de/10008859667
Using a GARCH model, we analyze the influence of U.S. monetary policy action and communication on the price volatility … bank communication during the recent financial crisis: the “calming” effect of communication found for the whole sample is …
Persistent link: https://www.econbiz.de/10013128878
We analyze empirical links between the perceived tail-risk of inflation, the policy rate, longer-term interest rates, and equity prices in the U.S. Their simultaneous changes enable us to distinguish between a systematic and "exogenous" response to monetary-policy news. And, those tail...
Persistent link: https://www.econbiz.de/10011774934
Persistent link: https://www.econbiz.de/10012547590
We construct a slope factor from changes in federal funds futures of different horizons. Slope predicts stock returns at the weekly frequency: faster monetary policy easing positively predicts excess returns. Investors can achieve increases in weekly Sharpe ratios of 20% conditioning on the...
Persistent link: https://www.econbiz.de/10011566444