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Inflation: thruway of ECB's monetary policy

Seidl, Christian - 2023

Part of the present inflation is caused by the breakdown of globalization, in particular supply chains, part is caused by the Corona Pandemic, in particular lockdowns, part is caused by the Ukrainian War, part is caused by European sanctions, and part - and not the smallest one - is caused by...

Persistent link: https://www.econbiz.de/10013553631

The international experience with negative policy rates

Jackson, Harriet - 2015

A key issue in the renewal of the inflation-control agreement is the question of the appropriate level of the inflation target. Many observers have raised concerns that with the reduction in the neutral rate, and the experience of the recent financial crisis, the effective lower bound (ELB) is...

Persistent link: https://www.econbiz.de/10011384127

More than words : FED chairs' communication during congressional testimonies

Alexopoulos, Michelle; Han, Xinfen; Kryvtsov, Oleksiy; … - 2022 - Last updated: May 5, 2022

We measure soft information contained in the congressional testimonies of U.S. Federal Reserve Chairs and analyze its effect on financial markets. Our measures of Fed Chairs' emotions expressed in words, voice and facial expressions are created using machine learning. Increases in the Chair's...

Persistent link: https://www.econbiz.de/10013189228

The reception of public signals in financial markets : what if central bank communication becomes stale?

Ehrmann, Michael; Sondermann, David - 2009

predicts that, the more time has elapsed since the latest release of an inflation report, market volatility should increase … more important role in aligning agents' information set, thus leading to a stronger volatility reduction. The empirical …

Persistent link: https://www.econbiz.de/10003963731

The Reception of Public Signals in Financial Markets – What if Central Bank Communication Becomes Stale?

Ehrmann, Michael - 2011

Persistent link: https://www.econbiz.de/10013131218

The Reception of Public Signals in Financial Markets : What if Central Bank Communication Becomes Stale?

Ehrmann, Michael - 2009

Persistent link: https://www.econbiz.de/10013157672

Are Euro Interest Rates Led by Fed Announcements?

Monticini, Andrea; Vaciago, Giacomo - 2005

This paper investigates, for the first time, the reactions of markets to the monetary policy decisions of their own Central Bank and to the decisions of the Central Banks of other countries. In particular, using daily interest rates to estimate the impact of the monetary policy announcements of...

Persistent link: https://www.econbiz.de/10014070608

Central bank communication or the media's interpretation : what moves markets?

Hendry, Scott - 2012

market commentary based on these statements has a significant effect on the volatility or level of returns in a short …-term BAX market volatility. In contrast, discussions of oil prices, the Canadian dollar, the inflation projection and whether … the economy is at capacity, and certain forward looking statements significantly increased volatility. Market news stories …

Persistent link: https://www.econbiz.de/10009504648

Just words?: a quantitative analysis of the communication of the Central Bank of Brazil

Carvalho, Carlos Viana de; Cordeiro, Fernando; Vargas, … - 2013

We quantify the informational content of statements issued by the interest-rate setting committee of the Central Bank of Brazil (COPOM), building on the methodology developed by Lucca and Trebbi (2011). Using Google search queries, we measure the extent to which each COPOM statement is perceived...

Persistent link: https://www.econbiz.de/10010199541

Crisis management at cross-roads : challenges facing cross-border financial institutions at the EU level : a joint publication with the Centre for European Policy Studies (CEPS)

Ayadi, Rym (ed.); Lierman, Frank (ed.); Balling, Morten (ed.) - Conference "Crisis Management at Cross-Roads" <2009, …; … - 2010

On 16th November 2009, SUERF, CEPS and the Belgian Financial Forum coorganized a conference "Crisis management at cross-roads" in Brussels. All papers in the present volume are based on contributions at the conference and the SUERF Annual Lecture which followed the event.

Persistent link: https://www.econbiz.de/10011706117