Arbeitspapier
Does money matter in the ECB strategy? New evidence based on ECB communication
We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy stance suggests that developments in the monetary sector, while 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 of its actions.
- Sprache
-
Englisch
- ISBN
-
3938369272
- Erschienen in
-
Series: Diskussionsbeiträge ; No. 2006/1
- Klassifikation
-
Wirtschaft
Central Banks and Their Policies
Monetary Policy
Interest Rates: Determination, Term Structure, and Effects
- Thema
-
ECB
communication
monetary policy
Geldpolitik
Publikationsanalyse
Staatliche Information
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Berger, Helge
de Haan, Jakob
Sturm, Jan-Egbert
- Ereignis
-
Veröffentlichung
- (wer)
-
Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
- (wo)
-
Berlin
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Berger, Helge
- de Haan, Jakob
- Sturm, Jan-Egbert
- Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft
Entstanden
- 2006
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