This work is rather an empirical study about the ECB policy reaction function (PRF) as well as the effects that macroeconomic data releases have on the term str

Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring t

We decipher monetary policy shocks by directly connecting them to the stance a central bank expresses in its communication about different topics. To measure to

The euro and the ESCB have started in January 1999 and there is naturally a wide-ranging interest in academia and among policymakers in OECD coun tries, how suc

David Howarth and Peter Loedel provide a theoretically inspired account of the creation, design and operation of the European Central Bank. Issues explored incl