low inflation is different from addressing high inflation. The ability of the ECB (and central banks globally) to provide … "automatic stabilisers" and work alongside the central bank. …

uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook … individual uncertainty. By combining and exploiting these types of ex-ante inflation uncertainty, results suggest that central … unconditional aggregate mean. The results of this paper not only help to explain the impact of new central bank information, but …

This work provides a comprehensive overview of the giant leap made by European central bank statistics over the last … quarter century. We illustrate, first, the work that led to a brand-new set of central bank statistics for the implementation …

(sign restrictions/heteroskedasticity/Cholesky). The results can be rationalized by more formalized central banking and the …

performance of monetary policy in the EMU founding states. It is often claimed that the monetary policy of the European Central … common currency, European monetary policy has also become largely independent of exchange rates. However, the central bank is …