Artikel

Narratives in ECB press conferences: A textual analysis

Topic analysis of the European Central Bank (ECB) press conferences reveals meaningful communication patterns. Similar press conferences are clustered in time ¦ The revisions to the ECB narrative accompany the changes in policy direction. Market volatility increases when the ECB substantially updates its wording in the monetary analysis section as compared to keeping it rather static relative to the previous period. Shifts in ECB communication introduce incremental volatility above and beyond that created by a change in policy stance

Language
Englisch

Bibliographic citation
Journal: EconPol Forum ; ISSN: 2752-1184 ; Volume: 24 ; Year: 2023 ; Issue: 1 ; Pages: 42-45

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Klejdysz, Justyna
Event
Veröffentlichung
(who)
CESifo GmbH
(where)
Munich
(when)
2023

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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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

  • Klejdysz, Justyna
  • CESifo GmbH

Time of origin

  • 2023

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