When the Bank of Canada will begin raising interest rates is looking very different than when it should even though the … risks of postponement are growing. If more “no-change” decisions are made by the Bank of Canada regarding its policy … partially with the US dollar, because the Bank of Canada keeps its interest rate close to the federal funds rate, the higher …

In this paper, we study the influence of central bank transparency and informal central bank communication on the …, explicit prioritization of objectives and provision of information on unanticipated macroeconomic disturbances) …

This paper estimates a regime switching Taylor Rule for the European Central Bank (ECB) in order to investigate some … the refi rate performed by a large investment bank before the upcoming policy rate decision. The empirical evidence shows … that the Central Bank's main policy rate has switched between two regimes: in the first one the Taylor Principle is …

The literature on the behavior of the Bank of England's Monetary Policy Committee (MPC) has focused on static voting …

Wordscores uses word frequencies to extract information from texts with known policy positions. Wordscores uses this … information to estimate the unknown policy positions of so - called virgin texts. We apply Wordscores to the ECB President …

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 …

If official interventions convey private information useful for price discovery in foreign-exchange markets, then they …

policy decisions bound by ex-ante rules and ex-post accountability. Central bank modernization - supported by significant …