Complexicity of ECB Communication and Financial Market Trading

We empirically examine how complexity of ECB communications affects financial market trading based on high-frequency data from European stock index futures trading. Our sample covers ECB press conferences between January 2009 and December 2017, during which un-conventional monetary policy measures (...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 19-2019)
Main Authors:	Hayo, Bernd, Henseler, Kai, Rapp, Marc Steffen, Zahner, Johannes
Format:	Article
Language:	English
Published:	Philipps-Universität Marburg 2019
Subjects:	Wirtschaft readability central bank communication European stock markets ECB textual analysis financial markets linguistic complexity Economics
Online Access:	PDF Full Text
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