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autoregressive framework. In this paper, I complement these studies and employ a matching approach to examine the impact of the Bank …
Persistent link: https://www.econbiz.de/10011553983
The European Central Bank (ECB) recently became engaged in macro-prudential policies and the micro …
Persistent link: https://www.econbiz.de/10011455880
This paper investigates the European Central Bank's (ECB) monetary policies. It identifies an antigrowth bias in the … bank's monetary policy approach: the ECB is quick to hike, but slow to ease. Similarly, while other players and … institutional deficiencies share responsibility for the euro's failure, the bank has generally done "too little, too late" with …
Persistent link: https://www.econbiz.de/10011481632
straightforward to compare statements and see how the central bank's thinking has evolved. This paper studies to what extent such … similarity in central bank statements matters for the reception of their content in financial markets. Using the case of the Bank … of Canada (the G7 central bank that had to rely the least on unconventional monetary policy following the global …
Persistent link: https://www.econbiz.de/10011517131
Central Bankers are currently facing big challenges in designing and implementing monetary policy, as well as with safeguarding financial stability, with the world economy still in the process of digesting the legacy of the crisis. The crisis has changed central banking in many ways: by shifting...
Persistent link: https://www.econbiz.de/10011554981
This paper examines the role of financial instability in setting monetary policy. The paper begins with a model that examines the interaction of monetary and regulatory policy. It then empirically tests whether financial instability has affected monetary policy. One important innovation is to...
Persistent link: https://www.econbiz.de/10011538489
Central Bank (ECB) and Swiss National Bank (SNB) on the exchange rate's distribution. The empirical setup examines the price …
Persistent link: https://www.econbiz.de/10011538673
policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada …
Persistent link: https://www.econbiz.de/10011540769
Die Beschlüsse der Europäischen Zentralbank vom 5. Juni 2014 sind zum Teil heftig kritisiert worden. Damit setzt sich die überwiegend negative Bewertung an der Politik der Europäischen Zentralbank fort, die seit langem zu beobachten ist, aber im Widerspruch zur realen Entwicklung steht. Sie...
Persistent link: https://www.econbiz.de/10010404442
Speeches are an important vehicle for central bankers to convey individual views on the preferred policy stance. In this paper, we employ an automated text linguistic approach to create an indicator that measures the tone of the 1,618 speeches delivered by members of the Governing Council (GC)...
Persistent link: https://www.econbiz.de/10010459203