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What can we learn from central bankers' words? Some nonparametric tests for the ECB

Article ID Journal Published Year Pages File Type
5061139 Economics Letters 2009 4 Pages PDF
Abstract

This paper provides non-parametric tests of the correspondence between the 'words' on price stability from the ECB President's statement and future interest rate changes. It also indicates the commonality of the signal between these indicators of pressure on price stability.

Keywords
C14eCBE43E52CommunicationPredictive performanceInterest rates
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
What can we learn from central bankers' words? Some nonparametric tests for the ECB
Authors
Paul Mizen,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
C14
eCB
E43
E52
Communication
Predictive performance
Interest rates
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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