Narratives in ECB Press Conferences: A Textual Analysis

Justyna Klejdysz

EconPol Forum, 2023, vol. 24, issue 01, 42-45

Abstract: Topic analysis of the European Central Bank (ECB) press conferences reveals meaningful communication patterns Similar press conferences are clustered in time The revisions to the ECB narrative accompany the changes in policy direction Market volatility increases when the ECB substantially updates its wording in the monetary analysis section as compared to keeping it rather static relative to the previous period Shifts in ECB communication introduce incremental volatility above and beyond that created by a change in policy stance

Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ifo.de/DocDL/econpol-forum-2023-1-klej ... ress-conferences.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ces:epofor:v:24:y:2023:i:01:p:42-45

Access Statistics for this article

EconPol Forum is currently edited by Chang Woon Nam

More articles in EconPol Forum from CESifo Contact information at EDIRC.
Bibliographic data for series maintained by Klaus Wohlrabe ().