ECB vs Bundesbank: Diverging Tones and policy Effectiveness

ECB vs Bundesbank: Diverging Tones and policy Effectiveness

The present paper studies the consequences of conflicting narratives for the transmission of monetary policy shocks. We focus on conflict between the presidents of the ECB and the Bundesbank, the main protagonists of monetary policy in the euro area, who often disagreed on policy over the past two d...

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Publikašuvnnas:MAGKS - Joint Discussion Paper Series in Economics (Band 20-2018)
Váldodahkkit: Tillmann, Peter, Walter, Andreas
Materiálatiipa: Artihkal
Giella:eaŋgalasgiella
Almmustuhtton: Philipps-Universität Marburg 2018
Fáttát:
diverging tones
text analysis
Wirtschaft
speeches
Central bank communication
monetary transmission
Economics
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