Arbeitspapier
Inflation Expectations of Experts and ECB Communication
The communication policy of the European Central Bank attracts a lot of attention from financial markets. This paper analyses the informational content of the monthly introductory statements of the ECB president explaining interest rate decisions with regard to inflation expectations of financial market experts for the euro area from February 1999 to June 2007. Estimations are conducted for the influence of ECB communication on expectations formation besides other macroeconomic variables. As the results indicate, the indicator measuring the informational content of ECB rhetoric contributes to the explanation of inflation expectations formation.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 07-054
- Klassifikation
-
Wirtschaft
Expectations; Speculations
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Central Banks and Their Policies
Monetary Policy
- Thema
-
inflation expectations formation
central bank communication
Carlson-Parkin method
survey expectations
Inflationserwartung
Finanzanalysten
Zentralbank
Staatliche Information
Informationswert
Schätzung
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ullrich, Katrin
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
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
- Ullrich, Katrin
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2007
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