In this paper, we study whether central bank communication has a positive effect on market participants’ perception of central banks’ (i) credibility, (ii) unorthodox measures, and (iii) independence. We utilise a survey of more than 500 financial market participants from around the world who answered questions in reference to the ...
In times of financial crisis, the need for a central bank to engage with a diverse range of stakeholders, whether about monetary policy developments or statistical data, is of paramount importance.
Chaired by Niels Bünemann, Principal Press Officer, European Central Bank, this four-day training programme is designed to equip delegates ...
Dataset for Neuenkirch and Siklos: What’s in a second opinion? Shadowing the ECB and the Bank of England
One way of evaluating how well monetary authorities perform is to provide the public with a regular and independent second opinion. The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professional and academic economists who provide a separate policy rate recommendation in advance of the ...
In this paper we estimate spatial voting models for the analysis of the voting record of the monetary policy committee of the Bank of England. We use a flexible Bayesian approach for estimating such models. A simple modification to the standard spatial model as well as a variety of ...
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