Showing 81 - 90 of 59,143
reveal the importance of the interest rate policy of the ECB.Design / Research methods: The study applies a tri … policy, VAR, ECB, Housing boom, Monetary transmission mechanismJEL: E52, E58. …
Persistent link: https://www.econbiz.de/10012427245
This paper shows that a different communication style of the European Central Bank (ECB) affects stock prices … differently. A break in the ECB's communication from 2016 onwards makes it necessary to adjust the identification of monetary …
Persistent link: https://www.econbiz.de/10013193554
This chapter examines the evolution of public support for the euro and public trust in the European Central Bank (ECB … a sharp fall in trust in the ECB. The recent economic recovery has strengthened support for the euro as well as trust in … the ECB. We suggest that support for the euro as a medium of exchange was not strongly affected by the crisis, while trust …
Persistent link: https://www.econbiz.de/10013208851
the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate …
Persistent link: https://www.econbiz.de/10013208882
We measure the tone (sentiment) of the ECB's Governing Council regarding economic outlook at the time of each monetary … policy meeting and use this information together with the Eurosystem/ECB staff macroeconomic projections to directly estimate … estimations, that the ECB has been either more averse to inflation above 2% ceiling or that the de facto inflation aim has been …
Persistent link: https://www.econbiz.de/10012614206
This paper discusses the effects of the ECB's asset purchase programmes (APPs) on the SER spread, while the main focus … financial data and the consequent analysis was made on intraday and high-frequency (HF) 2015-2017 data. The ECB's APP, mainly … first three years of the PSPP implementation. Whether it was the "sovereign bond-based leg" directly affected by the ECB …
Persistent link: https://www.econbiz.de/10012623018
This article develops the first granular database on daily real-time inflation rates and output. Four different European forecast sources and three computation methods are applied to calculate those daily data. These are used in two types of monetary policy rules, for three different interest...
Persistent link: https://www.econbiz.de/10012653878
This paper investigates the financial market effects of the ECB's communication on the Pandemic Emergency Purchase … press releases, ECB blog contributions, speeches and interviews on changes in government bond spreads. Second, we assess … whether spreads react differently to communication by specific ECB Executive Board members. Markets turn out to be sensitive …
Persistent link: https://www.econbiz.de/10014334255
We analyse German citizens' knowledge about monetary policy and the European Central Bank (ECB), as well as the public …'s use of mass communication media to obtain information about the ECB. We employ a unique representative public opinion … survey of German households conducted in 2011. We find that a person's desire to be informed about the ECB, together with the …
Persistent link: https://www.econbiz.de/10010507624
in the ECB's encompassing approach, helps prevent these potentially harmful side effects and thus allows for fostering …
Persistent link: https://www.econbiz.de/10010308567