Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/126403
Authors: 
Sauter, Oliver
Schroff, Sebastian
Spankowski, Ulli
Burghof, Hans-Peter
Year of Publication: 
2013
Citation: 
[Journal:] Intereconomics [ISSN:] 1613-964X [Publisher:] Springer [Place:] Heidelberg [Volume:] 48 [Year:] 2013 [Issue:] 5 [Pages:] 287-292
Abstract: 
Using a novel approach, this paper analyses the deliberately communicated uncertainty of the ECB to the market. Specifically, it semantically analyses the uncertainty expressed in official ECB press statements. The analysis shows how the ECB tries to alert or appease the market with different levels of communicated uncertainty. The appeasement through low uncertainty communication levels is particularly pronounced during times of financial distress. Further, the analysis shows that the ECB tried to alert the market through an increasing level of communicated uncertainty prior to the outbreak of the global financial crisis.
Persistent Identifier of the first edition: 
Document Type: 
Article

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