Is ECB communication effective?
By: Carlo Rosa and Giovanni Verga.
Contributors: Verga, Giovanni.; London School of Economics and Political Science. Centre for Economic Performance.
Series: CEP discussion paper ;; no. 682; Discussion paper (London School of Economics and Political Science. Centre for Economic Performance : Online) ;; no. 682.
Publisher: Centre for Economic Performance, London School of Economics and Political Science
Published: 2005
Place of publication: London
Language: eng
Format: Electronic resource
Description: "In its Monthly Bulletin of November 2002, the European Central Bank (ECB) stated that the monthly press conference held by its President represents one of its most important communication channels and that it provides a comprehensive summary of the policy relevant assessment of economic developments. After providing a glossary to translate the qualitative information of the press conferences into an ordered scale, we verify empirically whether and to what extent market expectations react to the information released by the ECB. We found that the public not only understand but also believe the signals sent by the European monetary authority."
Notes: Includes bibliographical references.
Title from PDF file (viewed on Apr. 8, 2005).
"April 2005."
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Mode of access: World Wide Web.