Add to ORKGThis paper investigates the instantaneous and dynamic effects of ECB forward guidanceannouncements on the term structure of private short-term interest rate expectations. Weestimate the static and dynamic impact of forward guidance on private agents’ expectationsabout future short-term interest rates using a high-frequency methodology and an ARCHmodel, complemented with local projections. We find that ECB forward guidanceannouncements decrease most of the term structure of private short-term interest rateexpectations, this being robust to several specifications. The effect is stronger on longermaturities and persistent
Using a non-Gaussian affine term-structure model, this paper evaluates the effectiveness of the date...
We empirically analyze how the Brazilian Central Bank (BCB) communication affects the term structure...
Based on high-frequency data for Norway and Sweden, we investigate to what extent explicit forward g...
This paper investigates the instantaneous and dynamic effects of ECB forward guidanceannouncements o...
This paper investigates the instantaneous and dynamic effects of ECB forward guidance announcements ...
This paper investigates the instantaneous and dynamic effects of ECB forward guidance announcements ...
We evaluate the extent to which the explanatory power detected in the term structure in different m...
This paper analyzes European financial markets’ comprehension and interpretation of ECB communication...
Available online 15 August 2019The viability of forward guidance as a monetary policy tool depends o...
We study the incidence and severity of lower-bound episodes and the efficacy of three types of state...
A number of contributions to research on monetary policy have suggested that policy should be asymme...
In this paper, we use survey forecasts to investigate the impact of forward guidance on the predicta...
As it is the main theoretical explanation for how short term interest rates affect long-term interes...
This paper reviews the literature on the communication policy of the European Central Bank (ECB) add...
We present a model of the yield curve in which the central bank can provide market par-ticipants wit...
Using a non-Gaussian affine term-structure model, this paper evaluates the effectiveness of the date...
We empirically analyze how the Brazilian Central Bank (BCB) communication affects the term structure...
Based on high-frequency data for Norway and Sweden, we investigate to what extent explicit forward g...
This paper investigates the instantaneous and dynamic effects of ECB forward guidanceannouncements o...
This paper investigates the instantaneous and dynamic effects of ECB forward guidance announcements ...
This paper investigates the instantaneous and dynamic effects of ECB forward guidance announcements ...
We evaluate the extent to which the explanatory power detected in the term structure in different m...
This paper analyzes European financial markets’ comprehension and interpretation of ECB communication...
Available online 15 August 2019The viability of forward guidance as a monetary policy tool depends o...
We study the incidence and severity of lower-bound episodes and the efficacy of three types of state...
A number of contributions to research on monetary policy have suggested that policy should be asymme...
In this paper, we use survey forecasts to investigate the impact of forward guidance on the predicta...
As it is the main theoretical explanation for how short term interest rates affect long-term interes...
This paper reviews the literature on the communication policy of the European Central Bank (ECB) add...
We present a model of the yield curve in which the central bank can provide market par-ticipants wit...
Using a non-Gaussian affine term-structure model, this paper evaluates the effectiveness of the date...
We empirically analyze how the Brazilian Central Bank (BCB) communication affects the term structure...
Based on high-frequency data for Norway and Sweden, we investigate to what extent explicit forward g...