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dc.contributor.authorBerger, Helgeen
dc.contributor.authorde Haan, Jakoben
dc.contributor.authorSturm, Jan-Egberten
dc.date.accessioned2009-01-28T15:55:10Z-
dc.date.available2009-01-28T15:55:10Z-
dc.date.issued2006-
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
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1652en
dc.subject.jelE52en
dc.subject.jelE58en
dc.subject.jelE43en
dc.subject.ddc330en
dc.subject.keywordECBen
dc.subject.keywordcommunicationen
dc.subject.keywordmonetary policyen
dc.subject.stwGeldpolitiken
dc.subject.stwPublikationsanalyseen
dc.subject.stwStaatliche Informationen
dc.subject.stwEU-Staatenen
dc.subject.stwEuropean Central Banken
dc.titleDoes money matter in the ECB strategy? : New evidence based on ECB communication-
dc.typeWorking Paperen
dc.identifier.ppn510015271en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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