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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...
Kaydedildi:
| Yayımlandı: | MAGKS - Joint Discussion Paper Series in Economics |
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| Yazar: | |
| Materyal Türü: | Makale |
| Dil: | İngilizce |
| Baskı/Yayın Bilgisi: |
Philipps-Universität Marburg
2022
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| Konular: | |
| Online Erişim: | PDF Tam Metin |
| Etiketler: |
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