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The bias of the ECB inflation projections : a State-dependent analysis

Granziera, Eleonora; Jalasjoki, Pirkka; Paloviita, Maritta - 2024

policy communication strategy. …

Persistent link: https://www.econbiz.de/10014532443

Words and deeds in managing expectations: empirical evidence on an inflation targeting economy

Baranowski, Paweł; Doryń, Wirginia; Łyziak, Tomasz; … - 2020

Persistent link: https://www.econbiz.de/10012241818

Managing households' expectations with salient economic policies

D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019 - This version: August 2019

The empirical effectiveness of economic policies that operate theoretically through similar channels differs substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a policy whose implications are harder to understand by...

Persistent link: https://www.econbiz.de/10012057290

The Impact of Macro News and Central Bank Communication on Emerging European Forex Markets

Égert, Balázs - 2015

We employ a two-stage empirical strategy to analyze the impact of macroeconomic news and central bank communication on … news and communication along with the estimated exchange rate misalignment on the exchange rate as well as its volatility …

Persistent link: https://www.econbiz.de/10013013692

Inflation Reports and Models : How Well Do Central Banks Really Write?

Bulíř, Aleš - 2014

We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation factors reported by the central banks with ex-post...

Persistent link: https://www.econbiz.de/10013051913

Federal Reserve Communication and the Media

Binder, Carola - 2016

economics literature has investigated select aspects of monetary policy communication, the literature in this area remains … disconnected from other relevant social science theories and techniques, most notably in political communication and media studies … different sectors to different types of communication events. I find that coverage of the Fed is less frequent than coverage of …

Persistent link: https://www.econbiz.de/10012983714

Central Bank Communication and Forward Guidance Shocks

Ostapenko, Nataliia - 2021

Does it matter what the central bank had said during a monetary policy announcement? The paper proposes a new approach to identifying the effects of forward guidance taking into account what the central bank had said and how financial markets perceived it. I use computational linguistic methods...

Persistent link: https://www.econbiz.de/10013233323

The Impact of Macro News and Central Bank Communication on Emerging European Forex Markets

Égert, Balázs - 2013

We employ two-stage empirical strategy to analyze the impact of macroeconomic news and central bank communication on … news and communication along with the estimated exchange rate misalignment on exchange rate as well as its volatility …

Persistent link: https://www.econbiz.de/10013079876

Central Bank Communication : Information and Policy Shocks

Ostapenko, Nataliia - 2020

The study proposes a novel way to identify the effects of monetary policy shocks taking into account time-varying signals of the central bank. I augment the standard monetary policy Bayesian Vector Autoregression (BVAR) with additional information variables from Fed statements, which allows us...

Persistent link: https://www.econbiz.de/10014097238

Modeling expectations in agent-based models : an application to central bank's communication and monetary policy

Salle, Isabelle L. - In: Economic modelling 46 (2015), pp. 130-141

Persistent link: https://www.econbiz.de/10011436570