ECB policy statements have moved inflation expectations – Italian paper
Researchers look at impact of ECB’s recent monetary policy statements on financial markets
A working paper published by the Bank of Italy assesses how the European Central Bank’s statements about its quantitative easing policies have been received by financial markets.
In Financial market effects of ECB unconventional monetary policy announcements, Guido Bulligan and Davide Delle Monache look at the impact of central bank statements on a range of economic variables from September 2014 to July 2017.
They find that the ECB’s announcements had “significant effects on the exchange rate
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