Resource title

Inflation Expectations of Experts and ECB Communication

Resource image

image for OpenScout resource :: Inflation Expectations of Experts and ECB Communication

Resource description

The communication policy of the European Central Bank attracts a lot of attention from financial markets. This paper analyses the informational content of the monthly introductory statements of the ECB president explaining interest rate decisions with regard to inflation expectations of financial market experts for the euro area from February 1999 to June 2007. Estimations are conducted for the influence of ECB communication on expectations formation besides other macroeconomic variables. As the results indicate, the indicator measuring the informational content of ECB rhetoric contributes to the explanation of inflation expectations formation.

Resource author

Katrin Ullrich

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24625

Resource license

Adapt according to the presented license agreement and reference the original author.