Interest rate expectations in the media and central bank communication

Michael J. Lamla and Jan-Egbert Sturm

While there is ample evidence how central bank communication and interest rate decisions are perceived by financial markets, insights regarding the response of the public is lacking. Media is known to be an important transmitter of news to the public. Based on articles in the Financial Times Europe, we test how expectations on the future course of monetary policy presented in the media are affected by central bank communication and interest rate decisions.

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Year of publication:	2013
Authors:	Lamla, Michael ; Sturm, Jan-Egbert
Publisher:	Zürich : KOF
Subject:	European Central Bank \| monetary policy announcements \| central bank communication \| media expectations \| Europäische Zentralbank \| Zinspolitik \| Interest rate policy \| Politische Kommunikation \| Political communication \| Zentralbank \| Central bank \| EU-Staaten \| EU countries

Extent:	Online-Ressource (18 S.) graph. Darst.
Series:	KOF working papers. - Zürich : [Verlag nicht ermittelbar], ZDB-ID 2107617-0. - Vol. 334
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	10.3929/ethz-a-007634750 [DOI] hdl:10419/80844 [Handle]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009719531