Detmers, Gunda-Alexandra; Nautz, Dieter - 2014 - This version: May 13, 2014
An increasing number of central banks manage market expectations via interest rate projections. Typically, those … Zealand to investigate the time-varying and state-dependent effects of interest rate projections on market expectations and … interest rate uncertainty. Confirming the stabilizing effect of fresh central bank announcements, we show that interest rate …