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This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic …
Persistent link: https://www.econbiz.de/10011450560
Speeches are an important vehicle for central bankers to convey individual views on the preferred policy stance. In this paper, we employ an automated text linguistic approach to create an indicator that measures the tone of the 1,618 speeches delivered by members of the Governing Council (GC)...
Persistent link: https://www.econbiz.de/10010459203
the ECB and the Bundesbank, only about 20 percent cite "price stability" when asked directly about the two central banks …' objectives. Knowledge of the ECB's and the Bundesbank's goals act as significant drivers of trust in these institutions, however …. And greater trust in the ECB and Bundesbank, in turn, lowers individuals' inflation expectations. More specifically …
Persistent link: https://www.econbiz.de/10011897980
Using a randomized controlled trial in a 2018 survey of a representative sample of the German population, we study whether providing information about the European Central Bank's (ECB) inflation record in comparison to its inflation target affects people's trust in the central bank. In the...
Persistent link: https://www.econbiz.de/10013460042
Successfully managing a course back to normality ("exit") will depend crucially on the central banks' ability to communicate effectively a credible strategy for an orderly exit from such kind of policies. In this context, clear, deliberate, coordinated messages that are anchored in the central...
Persistent link: https://www.econbiz.de/10011691556
Leaks of confidential information emanating from public institutions have been the focus of a long-standing line of research. Yet, their determinants as well as their potential impact on public views and on policy effectiveness remain elusive. To address this gap, we study leaks from central...
Persistent link: https://www.econbiz.de/10014380707
This paper studies ECB and Bundesbank communication on monetary policy during the first years of the European Economic …
Persistent link: https://www.econbiz.de/10013319026
We examine how the transparency of the European Central Bankś monetary policy affects the amount of trust that the citizens of the European Union have in this institution. We use nearly half a million individual responses from the European Commissionś Eurobarometer survey from 2000-2011 and...
Persistent link: https://www.econbiz.de/10011375697
Die Europäische Zentralbank ist eine Institution, die nicht direkt demokratisch legitimiert ist. Dies wird insbesondere …
Persistent link: https://www.econbiz.de/10009682579
Kontext einer sich entwickelnden neuen unkonventionellen Geldpolitik. Kommunikation wird als eine geldpolitische Politikoption … zur Minimierung von Risiken beschrieben, die im Kontext des Ausstiegs aus der unkonventionellen Geldpolitik entstehen …
Persistent link: https://www.econbiz.de/10011644116