Bank of Canada Communication, Media Coverage, and Financial Market Reactions

In the literature, central bank communication is identified via either (i) the written content of original communications or (ii) newswire reports. We examine how (i) Bank of Canada communications and (ii) media reporting on them impacts Canadian bond and stock market returns using a GARCH model ove...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 20-2010)
Main Authors: Hayo, Bernd, Neuenkirch, Matthias
Format: Work
Published: Philipps-Universität Marburg 2010
Online Access:PDF Full Text
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