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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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics (Band 28-2010)
Main Author: Neuenkirch, Matthias
Format: Work
Language:English
Published: Philipps-Universität Marburg 2010
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Online Access:PDF Full Text
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MAGKS - Joint Discussion Paper Series in Economics