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This paper outlines a new method for using qualitative information to analyze the monetary policy strategy of central banks. Quantitative assessment indicators that are extracted from a central bank's public statements via the balance statistic approach are employed to estimate a Taylor-type...
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from the use of the broader index. …
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Consumer price inflation, as measured by the year-on-year increase in the Harmonised Index of Consumer Prices (HICP … introduces methodological improvements into this chain-linked price index in the linking month (December). If the outcome of such …) effects - significant statistical distortions may arise when the new index series is chain-linked to the existing series. This …
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There is no unifying framework for evaluating core inflation measures, so we propose a methodological framework to close this gap. It allows us to construct, evaluate, and rank core inflation measures by applying it to countries and regions with different characteristics, such as Chile,...
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To which degree can variation in sentiment-based indicators of central bank communication be attributed to changes in macroeconomic, financial, and monetary variables; idiosyncratic speaker effects; sentiment persistence; and random "noise" ? Using the Loughran and McDonald (2011) dictionary on a...
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