What can we learn from central bankers' words? Some nonparametric tests for the ECB

This paper provides non-parametric tests of the correspondence between the 'words' on price stability from the ECB President's statement and future interest rate changes. It also indicates the commonality of the signal between these indicators of pressure on price stability.

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Year of publication:	2009
Authors:	Mizen, Paul
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 103.2009, 1, p. 29-32
Publisher:	Elsevier
Keywords:	ECB Interest rates Communication Predictive performance

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005269788