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Writing Clearly : ECB's Monetary Policy Communication

Cihak, Martin - 2008

The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case … of the European Central Bank (ECB) in 1999-2007. The analysis identifies the ECB's written communication as clear about … available. We also find that the additional information contained in the ECB's Monthly Bulletins helps to improve communication …

Persistent link: https://www.econbiz.de/10014409073

Monetary Policy Communication and Financial Markets in India

Ahmed, Faisal - 2022

Forward-looking monetary policy communication has become a key element of flexible inflation-targeting regimes across … since 2016 has been supported by a broad set of communication tools, more recently aided by policy innovations such as … statistically significant. The results support an important role for monetary policy communication in guiding market expectations …

Persistent link: https://www.econbiz.de/10015060012

Inflation Targeting and Communication

Smídková, Katerina - 2008

methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools …

Persistent link: https://www.econbiz.de/10012677665

Central Bank Response to the 2007-08 Financial Market Turbulence : Experiences and Lessons Drawn

Stella, Peter - 2008

The paper reviews the policy response of major central banks during the 2007-08 financial market turbulence and suggests that there is scope for convergence among central bank operational frameworks through the adoption of those elements that proved most instrumental in calming markets. These...

Persistent link: https://www.econbiz.de/10014409061

Central Bank Response to the 2007-08 Financial Market Turbulence

Stella, Peter - 2008

Persistent link: https://www.econbiz.de/10012678161

How Do Central Banks Write on Financial Stability?.

Čihák, Martin - 2006

Intro -- Contents -- I. INTRODUCTION -- II. WHAT IS AN FSR AND WHO PUBLISHES IT? -- III. ASSESSING THE FSRS -- IV. HOW DO EXISTING FSRS COMPARE TO THE PROPOSED CRITERIA? -- V. CONCLUSIONS -- REFERENCES.

Persistent link: https://www.econbiz.de/10012691057

Can Fiscal Consolidation Announcements Help Anchor Inflation Expectations?

David, Antonio - 2024

In this paper, we use quarterly data and a novel database on fiscal policy consolidation announcements, for a sample of advanced economies and emerging markets to quantify the effects of fiscal tightening on inflation expectations. We find that fiscal consolidation announcements reduce inflation...

Persistent link: https://www.econbiz.de/10015058655

Spillovers to Emerging Markets from US Economic News and Monetary Policy

Engler, Philipp - 2023

When the U.S. economy sneezes, do emerging markets catch a cold? We show that economic news, and not just monetary policy, in the United States affects financial conditions in emerging markets. News about U.S. employment has the strongest effects, followed by news about economic activity and...

Persistent link: https://www.econbiz.de/10015059685

Central Bank Financial Strength and Policy Performance : An Econometric Evaluation

Stella, Peter - 2008

The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank finances can hamper effective policy implementation, the question of whether central bank...

Persistent link: https://www.econbiz.de/10014409048

The Eastern Caribbean Central Bank : Challenges to an Effective Lender of Last Resort

Druck, Pablo - 2008

The paper analyzes the challenges for the Eastern Caribbean Central Bank (ECCB) to be an effective lender of last resort (LOLR) as part of a modern banking crisis resolution framework. The main results from the theoretical model of the ECCB's institutional arrangement are that the majority of...

Persistent link: https://www.econbiz.de/10014409060