Hayo, Bernd; Neuenkirch, Matthias - 2009
indicators. Econometrically, we employ an ordered probit model of a Taylor rule to predict 60 target rate decisions between 1998 … additional explanatory power over a standard Taylor rule. Prior to the introduction of Fixed Announcement Dates, BOC … ; Central Bank Communication ; Interest Rate Decision ; Monetary Policy ; Ordered Probit Model ; Taylor Rule …