Accordingly, the Governing Council today decided to raise the three key ECB interest rates by 50 basis points and it expects to raise them further. In view of the underlying inflation pressures, the Governing Council intends to raise interest rates by another 50 basis points at its next ...
Turunen (2010): `The Impact of ECB Monetary Policy Decisions and Communication on the Yield Curve,' Journal of the European Economic Association 8, 1266-1298.Brand,C., Buncic,D., and Turunen, J. (2006) "The impact of ECB monetary policy decisions and communication on the yield curve", ...
(1994) ‘The Financial Linkages in the Transmission of Monetary Policy in the United States’, in National Differences in Interest Rate Transmission (Basel: Bank for International Settlements), pp. 291–337. Google Scholar Ross, K. (2002) Market Predictability of ECB Monetary Policy Decisions: ...
In this paper, we examine whether a tone shock derived from European Central Bank communication helps predict ECB monetary policy decisions. To this purpose, we first use a bag-of-words approach and several dictionaries on the ECB's Introductory Statements to derive a measure of tone. Next, we...
This paper focuses on how the European Central Bank's (ECB) monetary policies influenced non-financial firms. The paper's two main contributions are, first, to shed light on non-financial firms' decisions on leverage, and how the ECB's conventional and unconventional policies may have affected...
Previous studies have shown that the effectiveness of monetary policy depends, to a large extent, on the market expectations of its future actions. This paper proposes an econometric framework to address the effect of the current state of the economy on monetary policy expectations. Specifically, we...
Moreover, I did a search for “monetary policy” and got some hits, but none of them were about the ECB’s near-doubling of its balance sheet. All of which has motivated me to create a meme. P.S. The ECB is not alone. There’s also been blame-shifting in Canada and the United...
"With these decisions, we are turning our commitment to fighting climate change into real action," says ECB President Christine Lagarde. The ECB promised to prioritize issuers with better climate change performance through the reinvestment of the redemptions of the corporate bonds it bought through ...
Currently, inflation targeting is the most widely used tool for making monetary policy decisions and is, in fact, the method required by law in some countries. Central banks that currently use inlation targeting include the U.K., Brazil, Canada, Australia, Mexico, and the European Central Bank...
Recognise that the Bank of Japan is likely to move slowly and is scarred by adverse market reaction to its policy decisions