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http://hdl.handle.net/10419/19116
  

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dc.contributor.authorBerger, Helgeen_US
dc.contributor.authorde Haan, Jakoben_US
dc.contributor.authorSturm, Jan-Egberten_US
dc.date.accessioned2009-01-28T15:55:10Z-
dc.date.available2009-01-28T15:55:10Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/19116-
dc.description.abstractWe examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy stance suggests that developments in the monetary sector, while somewhat more important in the later half of the sample, only played a minor role most of the time. Our estimates of ECB interest rate decisions suggest that the ECB?s words (monetary-sector based policy intensions) are not an important determinant of its actions.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesCESifo working papers 1652en_US
dc.subject.jelE52en_US
dc.subject.jelE58en_US
dc.subject.jelE43en_US
dc.subject.ddc330en_US
dc.subject.keywordECBen_US
dc.subject.keywordcommunicationen_US
dc.subject.keywordmonetary policyen_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwPublikationsanalyseen_US
dc.subject.stwStaatliche Informationen_US
dc.subject.stwEU-Staatenen_US
dc.subject.stwEuropean Central Banken_US
dc.titleDoes money matter in the ECB strategy? : New evidence based on ECB communicationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn510015271en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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