We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB … interest rate decisions suggest that the ECB's words (monetary-sector based policy intensions) are not an important determinant …

We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB … interest rate decisions suggest that the ECB's words (monetary-sector based policy intensions) are not an important determinant …

of its actions. -- ECB ; communication ; monetary policy …We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB …

of its actions. -- ECB ; communication ; monetary policy …We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB …

examine whether this form of ECB communication adds information to a shadow interest rate that summarises the overall policy … stance as interpreted by financial markets. To measure communication, we use information based on ECB press releases … interest rates have hit their effective lower bounds (ELB). In case of the European Central Bank (ECB), this should have …

The ECB is a central bank with a high level of transparency. However, it still does not publish voting records or … effectiveness of the ECB’s monetary policy could be enhanced by enlarging its transparency. This is especially necessary if the …

We examine the European Central Bank's ad-hoc communication and explore how it informs future monetary policy decisions …. Using the rich dataset of the intermeeting verbal communication among the members of the European Central Bank's Governing … Council between 2008 and 2014, we construct a measure of communication assessing its inclination towards easing, tightening or …

decision-makers, and that attributed communication can mitigate some of their effects. …

and highly individualistic decision-making. The ECB has chosen a collegial approach both in its communication and in its … markets to communication are equally good for the Federal Reserve and the ECB. This suggests that there may not be a single …The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central …

The paper shows that central bank communication is a key determinant of the market’s ability to anticipate monetary … policy decisions and the future path of interest rates. Comparing communication policies by the Federal Reserve, the Bank of … England and the ECB since 1999, we find that communicating the diversity of views among committee members about monetary …