This paper examines whether central bank communication stabilises euro area inflation expectations through the information and news channel. A novelty of the study is its use of data from Google Analytics on ECB website traffic as proxy for visitors' attention to its communication. We conduct...

Die Finanzkrise 2009 hat zu heftigen Diskussionen über die enge Verflechtung politischer Macht und ökonomischer Interessen geführt. Dass diese "normal" und die Krise weder einmalig ist noch die letzte ihrer Art, daran lassen die 27 Beiträge renommierter Autorinnen und Autoren keinen Zweifel....

This paper provides new empirical evidence on policy-makers' voting patterns on interest rates. Applying (pooled) Taylor-type rules and using real-time information available from published inflation reports and voting records, the paper tests for heterogeneity among committee members in three...

The aim of this paper is to study preference heterogeneity in monetary policy committees of inflation-targeting (IT) countries in Central and Eastern Europe (CEE) during the period 2005-2010. It employs (individual) voting records of the Monetary Council of the Magyar Nemzeti Bank (the central...