The similarity of ECB’s communication

Diego Amaya and Jean-Yves Filbien

Finance Research Letters, 2015, vol. 13, issue C, 234-242

Abstract: This article examines the communication of European Central Bank (ECB) at press conferences and its impact on financial markets. We compare consecutive central banker conference speeches and document that the similitude of these speeches has been increasing over time. We find evidence that the similarity of ECB communication has helped stock markets learn from ECB monetary policy.

Keywords: Monetary policy; Sentiment; Similarity (search for similar items in EconPapers)
JEL-codes: E52 E58 G12 G14 G28 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612314000877
Full text for ScienceDirect subscribers only

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:eee:finlet:v:13:y:2015:i:c:p:234-242

DOI: 10.1016/j.frl.2014.12.006

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().