The Effect of ECB Forward Guidance on the Euro Area Yield Curve
-д хадгалсан:
| -д хэвлэсэн: | PQDT - Global (2025) |
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| Үндсэн зохиолч: | |
| Хэвлэсэн: |
ProQuest Dissertations & Theses
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| Нөхцлүүд: | |
| Онлайн хандалт: | Citation/Abstract Full Text - PDF |
| Шошгууд: |
Шошго байхгүй, Энэхүү баримтыг шошголох эхний хүн болох!
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MARC
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| 100 | 1 | |a Duarte, Tomás Falua | |
| 245 | 1 | |a The Effect of ECB Forward Guidance on the Euro Area Yield Curve | |
| 260 | |b ProQuest Dissertations & Theses |c 2025 | ||
| 513 | |a Dissertation/Thesis | ||
| 520 | 3 | |a This paper focuses on the instantaneous and persistent impacts of ECB forward guidance on the euro area term structure of interest rates. A high-frequency event-study method is employed to uncover the response of euro OIS rates to forward guidance through an ARCH model and local projections. Results indicate forward guidance lowers the term structure across all maturities, with a stronger impact on longer horizons. This effect proves to be persistent. Robustness to including ECB and private information sets suggests ECB forward guidance is interpreted as a stance on future monetary policy, rather than a signal of the macroeconomic outlook. | |
| 653 | |a Monetary policy | ||
| 653 | |a Macroeconomics | ||
| 653 | |a Federal funding | ||
| 653 | |a Lagrange multiplier | ||
| 653 | |a Communication | ||
| 653 | |a Securities markets | ||
| 653 | |a Asset acquisitions | ||
| 653 | |a Volatility | ||
| 653 | |a Press conferences | ||
| 653 | |a Decomposition | ||
| 653 | |a Prices | ||
| 653 | |a Gross Domestic Product--GDP | ||
| 653 | |a Yield curve | ||
| 653 | |a Inflation | ||
| 653 | |a International finance | ||
| 653 | |a Central banks | ||
| 653 | |a Interest rates | ||
| 653 | |a Risk premiums | ||
| 653 | |a Eurozone | ||
| 653 | |a Banking | ||
| 653 | |a Economics | ||
| 653 | |a Finance | ||
| 653 | |a Mathematics | ||
| 773 | 0 | |t PQDT - Global |g (2025) | |
| 786 | 0 | |d ProQuest |t ProQuest Dissertations & Theses Global | |
| 856 | 4 | 1 | |3 Citation/Abstract |u https://www.proquest.com/docview/3224571014/abstract/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text - PDF |u https://www.proquest.com/docview/3224571014/fulltextPDF/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |