We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB … interest rate decisions suggest that the ECB's words (monetary-sector based policy intensions) are not an important determinant …

We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB … interest rate decisions suggest that the ECB's words (monetary-sector based policy intensions) are not an important determinant …

examine whether this form of ECB communication adds information to a shadow interest rate that summarises the overall policy … stance as interpreted by financial markets. To measure communication, we use information based on ECB press releases … interest rates have hit their effective lower bounds (ELB). In case of the European Central Bank (ECB), this should have …

We examine the European Central Bank's ad-hoc communication and explore how it informs future monetary policy decisions …. Using the rich dataset of the intermeeting verbal communication among the members of the European Central Bank's Governing … Council between 2008 and 2014, we construct a measure of communication assessing its inclination towards easing, tightening or …

This study examines the changing nature of ECB communication and how it impacts euro area financial markets over the … past two decades. We applied a combination of topic modelling and sentiment analysis for over 2000 public ECB Executive … Board member speeches, as well as over 200 ECB press conferences. Topic analysis revealed that the ECB's main focus has …

of its actions. -- ECB ; communication ; monetary policy …We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB …

of its actions. -- ECB ; communication ; monetary policy …We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the … somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB …

We examine howthe verbal complexity of ECB communications affectsfi-nancial market trading based on high-frequency data … fromEuropean stock index futures trading. Studying the 34 events between May 2009 and June 2017, during which the ECB Governing …

This paper shows that a different communication style of the European Central Bank (ECB) affects stock prices … differently. A break in the ECB's communication from 2016 onwards makes it necessary to adjust the identification of monetary …

This paper investigates the financial market effects of the ECB's communication on the Pandemic Emergency Purchase … whether spreads react differently to communication by specific ECB Executive Board members. Markets turn out to be sensitive … to both the communication channel and the communicating ECB Executive Board member. …