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:	2010
Subjects:	Wirtschaft Monetary Policy Central Bank Communication Financial Market Expectations Central Bank Transparency Interest Rate Decision Money Market Economics
Online Access:	PDF Full Text
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