Artikel
Talking by numbers: Communicated uncertainty of the ECB
Using a novel approach, this paper analyses the deliberately communicated uncertainty of the ECB to the market. Specifically, it semantically analyses the uncertainty expressed in official ECB press statements. The analysis shows how the ECB tries to alert or appease the market with different levels of communicated uncertainty. The appeasement through low uncertainty communication levels is particularly pronounced during times of financial distress. Further, the analysis shows that the ECB tried to alert the market through an increasing level of communicated uncertainty prior to the outbreak of the global financial crisis.
- Language
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Englisch
- Bibliographic citation
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Journal: Intereconomics ; ISSN: 1613-964X ; Volume: 48 ; Year: 2013 ; Issue: 5 ; Pages: 287-292 ; Heidelberg: Springer
- Classification
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Wirtschaft
- Subject
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Geldpolitik
Staatliche Information
Zentralbank
EU-Staaten
- Event
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Geistige Schöpfung
- (who)
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Sauter, Oliver
Schroff, Sebastian
Spankowski, Ulli
Burghof, Hans-Peter
- Event
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Veröffentlichung
- (who)
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Springer
- (where)
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Heidelberg
- (when)
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2013
- DOI
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doi:10.1007/s10272-013-0471-x
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Sauter, Oliver
- Schroff, Sebastian
- Spankowski, Ulli
- Burghof, Hans-Peter
- Springer
Time of origin
- 2013
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