Similar Search Results

Looking into the rear-view mirror : lessons from Japan for the Eurozone and the U.S?

Siklos, Pierre L. - In: Asia and the global economy : AGE 1 (2021) 1, pp. 1-20

This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank...

Persistent link: https://www.econbiz.de/10012816140

Central Banking’s ‘Long March’ Over the Decades

Mayes, David G.; Siklos, Pierre L.; Sturm, Jan-Egbert - In: The Oxford handbook of the economics of central banking. 2019

Persistent link: https://www.econbiz.de/10012880896

Emotion in Euro Area Monetary Policy Communication and Bond Yields : The Draghi Era

Kanelis, Dimitrios; Siklos, Pierre L. - 2023

We combine modern methods from Speech Emotion Recognition and Natural Language Processing with high-frequency financial data to analyze how the vocal emotions and language of ECB President Mario Draghi affect the yield curve of major euro area economies. Vocal emotions significantly impact the...

Persistent link: https://www.econbiz.de/10014255461

Assessing the Impact of Changes in Transparency and Accountability at the Bank of Canada

Siklos, Pierre L. - 2003

The introduction of inflation targets in Canada in 1991 clarified the objectives of monetary policy. One of the … performance based on the Bank of Canada's record at achieving low and stable inflation. An obvious question then is to ascertain … assessment of the performance of the Bank of Canada." Tests, using daily interest rate and exchange rates and monthly inflation …

Persistent link: https://www.econbiz.de/10014076291

Do Actions Speak Louder than Words? Evaluating Monetary Policy at the Bundesbank

Siklos, Pierre L.; Bohl, Martin T. - 2005

to real economic developments even as it focuses on an inflation objective. Using monthly data, we show how speeches by … the Bundesbank's President dealing with inflation help explain both interest rate movements as well as the central bank …

Persistent link: https://www.econbiz.de/10014061630

The Bundesbank's Communications Strategy and Policy Conflicts with the Federal Government

Bohl, Martin T.; Siklos, Pierre L. - 2005

empirical evidence is consistent with the view that speeches by the Bundesbank President dealing with inflation and economic …

Persistent link: https://www.econbiz.de/10014064314

What's in a Second Opinion? Shadowing the ECB and the Bank of England

Neuenkirch, Matthias; Siklos, Pierre L. - 2013

inflation averse than the ECB. In contrast, the shadow committee of the BoE proposes a more hawkish monetary policy stance than …

Persistent link: https://www.econbiz.de/10014179401

What’s in a Second Opinion? Shadowing the ECB and the Bank of England

Siklos, Pierre L. - 2012

inflation averse than its UK counterpart, at least vis‐á‐vis the respective policy making bodies. Perhaps most significantly our …

Persistent link: https://www.econbiz.de/10013102930

Central Banks and Gold Puzzles

Aizenman, Joshua - 2012

We study the curious patterns of gold holding and trading by central banks during 1979-2010. With the exception of several discrete step adjustments, central banks keep maintaining passive stocks of gold, independently of the patterns of the real price of gold. We also observe the...

Persistent link: https://www.econbiz.de/10013109858

The Global Financial Crisis and the Language of Central Banking : Central Bank Guidance in Good Times and in Bad

Siklos, Pierre L. - 2013

Words are critical in how the public perceives the work of central banks and the quality of monetary policy. Press releases that accompany policy rate decisions and, where available, the minutes of central bank committee meetings, are focal points for the media in public discussions about the...

Persistent link: https://www.econbiz.de/10013077046