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regarding its focus range, to make it even more effective. In our view, the transparency/accountability issue represented by a … optimal degree of ECB transparency and accountability towards the EP, the key democratic institution. … gegenwärtig stark verändernden Geldpolitik. Die Diskussion wird geführt im Hinblick auf die Verwendung eines Zinsausblicks …
Persistent link: https://www.econbiz.de/10010259542
, coordinated messages that are anchored in the central banks' mandate are of essence. We focus upon transparency and "forward … effectiveness of central bank's policies can be improved through more transparency and "forward guidance". We do so by highlighting …
Persistent link: https://www.econbiz.de/10011691556
, coordinated messages that are anchored in the central banks' mandate are essential. We focus upon transparency and "forward … effectiveness of central bank’s policies can be improved through more transparency and "forward guidance". We do so by highlighting … Kontext einer sich entwickelnden neuen unkonventionellen Geldpolitik. Kommunikation wird als eine geldpolitische Politikoption …
Persistent link: https://www.econbiz.de/10011644116
A striking asymmetry defines the European Central Bank (ECB)’s approach to democratic accountability. Today’s ECB makes … time, the central bank continues to hew closely to the Treaty’s scarce democratic accountability provisions. In this … policy strategy has not been matched with enhanced accountability arrangements between the ECB and the European Parliament …
Persistent link: https://www.econbiz.de/10014357895
in underpinning the credibility, accountability and legitimacy of independent central banks. It documents how …
Persistent link: https://www.econbiz.de/10012627174
In the aftermath of the global financial crisis, central banks started being confronted with severe challenges that led to an unprecedented policy response in terms of the size and variety of monetary policy measures. One such measure centred on central banks communicating to the public more...
Persistent link: https://www.econbiz.de/10012886554
accountability through transparency leads to a lower expected rate of inflation and less stabilization of supply shocks …The first part of this paper outlines the concept of democratic accountability of central banks, and compares the legal … accountability of the ECB with some other central banks (Bank of Canada, Bank of Japan, Bank of England and the Federal Reserve …
Persistent link: https://www.econbiz.de/10011418852
Monetary policy increasingly relies on steering market expectations about future policy. This paper identifies a monetary policy news shock based on a VAR model. A monetary news shock is equivalent to new information about the Fed's future monetary policy becoming available today. One example of...
Persistent link: https://www.econbiz.de/10014637094
regarding its focus range, to make it even more effective. In our view, the transparency/accountability issue represented by a … optimal degree of ECB transparency and accountability towards the EP, the key democratic institution. … gegenwärtig stark verändernden Geldpolitik. Die Diskussion wird geführt im Hinblick auf die Verwendung eines Zinsausblicks …
Persistent link: https://www.econbiz.de/10010335209
regarding its focus range, to make it even more effective. In our view, the transparency/accountability issue represented by a … optimal degree of ECB transparency and accountability towards the EP, the key democratic institution. …
Persistent link: https://www.econbiz.de/10010369521