This paper uses daily data for the period 2005-2011 to estimate the effects of monetary policy signals on the Nigeria Interbank Offer Rates. After controlling for the contemporaneous effect of the policy action taken at each meeting of the Monetary Policy Committee, we found that these rates are...
Huizinga, John, and Leonardo Liederman. 1987. The Signalling Role of Base and Money Announcements and Their Effects on Interest Rates. Journal of Monetary Economics 20:3, pp. 439-462.Huizinga, J.; Leiderman, L. "The Signalling Role of Base and Money Announcements and their Effects on ...
- 《Journal of Business & Industrial Marketing》 被引量: 22发表: 2012年 Monetary Policy Announcements and Stock Price Behavior: Empirical Evidence from CNX Nifty. This paper investigates, whether monetary policy announcements contain any informational value to the stock market and examines the ...
The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy After the Global Financial Crisis a controversial rush to fiscal austerity followed in many countries. Yet research on the effects of austerity on macroeco... Jordà scar,AM Taylor - 《Economic Journal》 被引量: ...
Monetary Policy SignalsCentral Bank CommunicationsInterest RatesExpectationsThis paper uses daily data for the period 2005-2011 to estimate the effects of monetary policy signals on the Nigeria Interbank Offer Rates. After controlling fSocial Science Electronic Publishing...
Therefore, this study analyses the effects of monetary policy signalling and clarity of central bank communication on disagreement about inflation expectations. It also investigates whether greater transparency coincides with lower levels of disagreement in inflation expectations in Brazil. The findings ...
Effects of transparency, monetary policy signalling and clarity of central bank communication on disagreement about inflation expectationsThe literature on transparency and central bank codoi:10.10.80/00036846.2015.1083091G. C. MontesL. V. Oliveira...
The unique institutional setting allows us to identify the causal effects of two orthogonal shocks occurring on days with central bank bill auctions through heteroscedasticity: an overnight interest rate shock and a signalling shock. The first shock raises the overnight interest rate and modestly ...
Monetary policyForecastsFOMCinfluencePolicy signalsstructural Vartype="main" xml:id="obes12093-abs-0001"> Federal Open Market Committee (FOMC) policymakers have published macroeconomic forecasts since 1979 and we examine the effects of FOMC inflation forecasts using a structural VAR model. First, we ...
(2011) Signaling Vs Cost-of-Fund Effects of Monetary Policy in Nigeria: Evi- dence from the Post Banking Sector Consolidation Data. 2011 Annual Conference of the Faculty of Administration, Nassarawa State University, Keffi, 17-19 May 2011....