ECB paper looks at role of uncertainty in central bank comms

stock market down
Data

A working paper published by the European Central Bank suggests a new approach for analysing the effect of central banks’ announcements on interest rates. 

In The long-run information effect of central bank communication, Stephen Hansen, Michael McMahon, and Matthew Tong examine data on market reactions to the Bank of England’s inflation report. The authors use machine learning techniques which they say allow them to “directly test whether the information which drives the different reactions is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.