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The ECB Press Conference : A Textual Analysis

Pavelkova, Andrea - 2022

for further analysis. Focusing on the press conferences of the ECB, this paper employs structural topic modelling (STM … Council as well as the ECB’s stance on broader economic issues …

Persistent link: https://www.econbiz.de/10014238980

The effects of monetary policy on unemployment dynamics under model uncertainty: evidence from the US and the euro area

Altavilla, Carlo; Ciccarelli, Matteo - 2009

This paper explores the role that the imperfect knowledge of the structure of the economy plays in the uncertainty surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian model averaging procedure on a wide range of models...

Persistent link: https://www.econbiz.de/10011605135

Monetary policy and bank equity values in a time of low interest rates

Ampudia, Miguel; van den Heuvel, Skander - 2018

statements and press conferences announcing monetary policy actions taken by the ECB. We find that an unexpected decrease of 25 …

Persistent link: https://www.econbiz.de/10012142043

Forecasting ECB monetary policy: accuracy is (still) a matter of geography

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

and to anticipate monetary policy by the ECB? Using a database of surveys of professional ECB policy forecasters in 24 …

Persistent link: https://www.econbiz.de/10011604624

Monetary policy in the media

Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2006

, and thus an important factor for its credibility and policy effectiveness. This paper analyses the coverage which ECB … that the press critically discusses the ECB’s policy decisions in the context of prior market expectations and of the … inflation environment, and that the media’s coverage of decisions is generally highly responsive to ECB communication – in …

Persistent link: https://www.econbiz.de/10011604725

How much does the public know about the ECB's monetary policy? Evidence from a survey of Dutch households

van der Cruijsen, Carin; Jansen, David-Jan; de Haan, Jakob - 2010

households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge … on the ECB’s objectives is far from perfect. Both a weak desire to be informed and unawareness of insufficient knowledge …

Persistent link: https://www.econbiz.de/10011605311

Dual Liquidity Crises Under Alternative Monetary Frameworks : A Financial Accounts Perspective

Bindseil, Ulrich - 2012

This paper contributes to the literature on liquidity crises and central banks acting as lenders of last resort by capturing the mechanics of dual liquidity crises, i.e. funding crises which encompass both the private and the public sector, within a closed system of financial accounts. We...

Persistent link: https://www.econbiz.de/10013100412

Heterogeneous transmission mechanism: monetary policy and financial fragility in the euro area

Ciccarelli, Matteo; Maddaloni, Angela; Peydró, José-Luis - 2013

results suggest that the bank-lending channel has been partly mitigated by the ECB nonstandard monetary policy interventions …

Persistent link: https://www.econbiz.de/10011605572

Monetary Policy and Capital Regulation in the US and Europe

Cohen-Cole, Ethan - 2010

From the onset of the 2007-2009 crisis, the Federal Reserve and the European Central Bank have aggressively lowered interest rates. Both sets of changes are at odds with an anti-inflationary stance of monetary policy; indeed, as the crisis began in August 2007 inflation expectations were high...

Persistent link: https://www.econbiz.de/10013141874

Heterogeneous Transmission Mechanism : Monetary Policy and Financial Fragility in the Euro Area

Ciccarelli, Matteo - 2013

results suggest that the bank-lending channel has been partly mitigated by the ECB nonstandard monetary policy interventions …

Persistent link: https://www.econbiz.de/10013085173