Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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In this study, we aim at testing whether press conferences held after the
meeting of the European Central Bank’s monetary policy council steer
market interest rates in the Euro zone. To meet this goal, we quantify the
statements according to whether they are neutral, hawkish or dovish.We
show, using a principal components analysis, that market interest rates
react significantly to the bias in statements, and more particularly to
changes in statements from one meeting to the next. Moreover, we find
that the short end of the yield curve reacts more sharply to statements
than the long segment: the effect of statements peaks on interest rates
with a maturity of...
Nội dung trích xuất từ tài liệu:
The Zero Bound on Nominal Interest Rates: Implications for Monetary Policy
