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The German public and its trust in the ECB : the role of knowledge and information search ; conference paper
Hayo, Bernd; Neuenkirch, Edith - 2013 - This version: 31 October 2013
In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of German households conducted in 2011. We find that...
Persistent link: https://www.econbiz.de/10010482584
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The German public and its trust in the ECB : the role of knowledge and information search
Hayo, Bernd; Neuenkirch, Edith - 2013
In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of German households conducted in 2011. We find that...
Persistent link: https://www.econbiz.de/10010196544
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The German Public and Its Trust in the ECB : The Role of Knowledge and Information Search
Hayo, Bernd - 2014
In this paper, we analyse the effects of objective and subjective knowledge about monetary policy, as well as the information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of German households conducted in 2011. We find that...
Persistent link: https://www.econbiz.de/10013059620
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Complexity of ECB communication and financial market trading
Hayo, Bernd; Henseler, Kai; Rapp, Marc Steffen - 2019
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 Council press conferences covered unconventional...
Persistent link: https://www.econbiz.de/10012039675
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Estimating the monetary policy interest-rate-to-performance sensitivity of the European banking sector at the zero lower bound
Hayo, Bernd; Henseler, Kai; Rapp, Marc Steffen - 2019 - Version: 23-October-2018
event windows, we find shadow prime rate changes positively affect changes in the EURO-STOXX-Banks Future. Our findings add …
Persistent link: https://www.econbiz.de/10011959752
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Estimating the Monetary Policy Interest-Rate-To-Performance Sensitivity of the European Banking Sector at the Zero Lower Bound
Hayo, Bernd - 2019
event windows, we find shadow prime rate changes positively affect changes in the EURO-STOXX-Banks Future. Our findings add …
Persistent link: https://www.econbiz.de/10012894591
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Behind Closed Doors : Revealing the ECB’S Decision Rule
Hayo, Bernd - 2011
construct a Taylor rule for each member of the council and for the euro area as a whole, and aggregate the interest rates they … federal objective. We then compare the interest-rate path predicted by each scenario with the observed euro area's interest … rate. We find that scenarios in which all members of the Governing Council are assumed to pursue Euro-area-wide objectives …
Persistent link: https://www.econbiz.de/10013120378
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Central banks' predictability : an assessment by financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2016 - This version: 3 April 2016
In this paper, we examine the relationship between market participants' perception of central bank predictability and their assessment of central bank communication skills and success in conveying objectives as well as the importance of transparency-enhancing measures, such as voting records,...
Persistent link: https://www.econbiz.de/10011447433
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Central banks' predictability : an assessment by financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2016 - This version: 6 April 2016
In this paper, we examine the relationship between market participants' perception of central bank predictability and their assessment of central bank communication skills and success in conveying objectives as well as the importance of transparencyenhancing measures, such as voting records,...
Persistent link: https://www.econbiz.de/10011447633
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The German public and its trust in the ECB : the role of knowledge and information search
Hayo, Bernd; Neuenkirch, Edith - In: Journal of international money and finance 47 (2014), pp. 286-303
Persistent link: https://www.econbiz.de/10010464015