Managing Financial Market Expectations: The Role of Central Bank Transparency and Central Bank Communication

In this paper, we study the influence of central bank transparency and informal central bank communication on the formation of money market expectations. The sample covers nine major central banks from January 1999 to July 2007. We find, first, that transparency reduces the bias in money market expe...

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Bibliografski detalji
Izdano u:MAGKS - Joint Discussion Paper Series in Economics (Band 28-2010)
Glavni autor: Neuenkirch, Matthias
Format: Arbeit
Jezik:engleski
Izdano: Philipps-Universität Marburg 2010
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