Central Bank Communication and the Perception of Monetary Policy by Financial Market Experts

Material TypeArticleLanguageEnglish
TitleCentral Bank Communication and the Perception of Monetary Policy by Financial Market Experts Author(S)SANDRA SCHMIDT (Author)
Abstract  This paper investigates how financial experts perceive the monetary policy of the European Central Bank (ECB). Assuming a Taylor-rule-type reaction function, we use qualitative survey expectations about future interest rates, inflation, and output to discover the sources of individual interest rate forecast errors ...Paginationp323–340
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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