is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB … information between the European Parliament (EP) and the ECB. We argue that the new ECB supervisory role has made the Monetary … gegenwärtig stark verändernden Geldpolitik. Die Diskussion wird geführt im Hinblick auf die Verwendung eines Zinsausblicks …

We study how financial market participants process news from four major central banks - the Bank of England (BoE), the … Bank of Japan (BoJ), the European Central Bank (ECB), and the Federal Reserve (Fed), using a novel survey of 450 financial … learn about central bank events than on self-monitoring. In general, the Fed is watched most closely, followed by the ECB …

The Reserve Bank of New Zealand guides interest rate expectations of financial markets by projections of future short …-term rates that are updated only once a quarter. As a consequence, projections become stale when time evolves and new information … expectations management of central banks. Confirming the stabilizing effect of fresh central bank announcements, we show that …

. Tatsächlich wird die Geldpolitik der EZB durch die neuen Kommunikationsinstrumente berechenbarer und kann entsprechend leichter …, with an eye on the bank's steadily growing responsibilities? Should the ECB stick to the instrument of forward guidance …

Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is …

is conducted in terms of the adoption of forward guidance on interest rates by the European Central Bank (ECB), the ECB … information between the European Parliament (EP) and the ECB. We argue that the new ECB supervisory role has made the Monetary …

banking using the central bank of Denmark, Danmarks Nationalbank, as a case study. The paper presents new annual time series … core earnings associated with the basic functions and the risks that unavoidable follow from being a central bank have on …

therefore crowds out other public information. The sensitivity shrinkage is stronger in the case of date-based forward guidance … the information content of forward guidance and to weaken the Fed’s commitment as perceived by financial markets. The dot …