central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President's introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President's introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. -- ECB ; central bank ; communication …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President's introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. -- ECB ; central bank ; communication …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President's introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant …

's monetary policy and augment them with communication indicators. First, we find that the ECB responded to risks to price …Based on ordered Probit models and twenty years of euro area data, we estimate empirical reaction functions for the ECB … and to growth significantly enhances the modelling of its reaction function. Second, we detect that the ECB also responded …

Central bank communication plays a crucial role in the conduct of monetary policy, yet the research on central bank … communication, while growing, is still scarce. In this paper, we analyze the communication reaction function of the European Central … Bank (ECB) through topic-based indices derived from the bank’s speeches. These indices are used as dependent variables in …

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 …

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 …

We examine howthe verbal complexity of ECB communications affectsfi-nancial market trading based on high-frequency data … fromEuropean stock index futures trading. Studying the 34 events between May 2009 and June 2017, during which the ECB Governing …

This paper investigates the financial market effects of the ECB's communication on the Pandemic Emergency Purchase … whether spreads react differently to communication by specific ECB Executive Board members. Markets turn out to be sensitive … to both the communication channel and the communicating ECB Executive Board member. …