The role of ECB communication in guiding markets |
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Authors: | Anderes Marc Rathke Alexander Streicher Sina Sturm Jan-Egbert |
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Affiliation: | 1.KOF Swiss Economic Institute, ETH Zurich, Leonhardstrasse 21, 8092, Zurich, Switzerland ;2.CESifo Munich, Munich, Germany ; |
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Abstract: | Public Choice - Economists and central bankers nowadays believe that forward guidance has become more important in a world in which key interest rates have hit their effective lower bounds (ELB).... |
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