Financial Markets and ECB Monetary Policy Communication – A Second QE Surprise

Financial Markets and ECB Monetary Policy Communication – A Second QE Surprise

This paper shows that a different communication style of the European Central Bank (ECB) affects stock prices differently. A break in the ECB’s communication from 2016 onwards makes it necessary to adjust the identification of monetary policy surprises in the euro area. By modifying the high-frequen...

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Bibliographic Details
Published in:MAGKS - Joint Discussion Paper Series in Economics
Main Author: Baumgärtner, Martin
Format: Article
Language:English
Published: Philipps-Universität Marburg 2022
Subjects:
Communication
Wirtschaft
Unconventional Monetary Policy
ECB
High-Frequency Data
Economics
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Call Number: urn:nbn:de:hebis:04-es2024-07125
Publication Date: 2024-01-19
Downloads: 21 (2024)
License: https://creativecommons.org/publicdomain/mark/1.0
Access URL: https://archiv.ub.uni-marburg.de/es/2024/0712
https://doi.org/10.17192/es2024.0712

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