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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 …
Persistent link: https://www.econbiz.de/10012039675
readability has improved significantly in the recent years. We also find that there has been a persistent semantic shift in RBI …
Persistent link: https://www.econbiz.de/10012008396
Persistent link: https://www.econbiz.de/10013438375
readability has improved significantly in the recent years. We also find that there has been a persistent semantic shift in RBI …
Persistent link: https://www.econbiz.de/10012049295
We empirically examine how complexity of ECB communications affects financial market trading based on high …-frequency data from European stock index futures trading. Our sam-ple covers ECB press conferences between January 2009 and December …
Persistent link: https://www.econbiz.de/10014352339
introductory statements of ECB's Governing Council press conferences to estimate a "shadow prime rate". Based on short-run intraday …
Persistent link: https://www.econbiz.de/10012030946
introductory statements of ECB's Governing Council press conferences to estimate a "shadow prime rate". Based on short-run intraday …
Persistent link: https://www.econbiz.de/10011959752
This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook …
Persistent link: https://www.econbiz.de/10012603073
Leaks of confidential information emanating from public institutions have been the focus of a long-standing line of research. Yet, their determinants as well as their potential impact on public views and on policy effectiveness remain elusive. To address this gap, we study leaks from central...
Persistent link: https://www.econbiz.de/10014380707
This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook …
Persistent link: https://www.econbiz.de/10012605278