Monetary Policy Transmission in Vector Autoregressions: A New Approach Using Central Bank Communication

Monetary Policy Transmission in Vector Autoregressions: A New Approach Using Central Bank Communication

In this paper, we study the role played by central bank communication in monetary policy transmission. We employ the Swiss Economic Institute’s Monetary Policy Communicator to measure the future stance of the European Central Bank’s monetary policy. Our results indicate, first, that communication ha...

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Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 43-2011)
1. Verfasser: Neuenkirch, Matthias
Format: Arbeit
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2013
Schlagworte:
Monetary Policy Shocks, Monetary Policy Transmission
Central Bank Communication
European Central Bank
Vector Autoregression
Wirtschaft
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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