Interest Rate Expectations in the Media and Central Bank Communication

Michael Lamla and Jan-Egbert Sturm

No 13-334, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: While there is ample evidence how central bank communication and interest rate decisions are perceived by financial markets, insights regarding the response of the public is lacking. Media is known to be an important transmitter of news to the public. Based on articles in the Financial Times Europe, we test how expectations on the future course of monetary policy presented in the media are affected by central bank communication and interest rate decisions.

Keywords: European Central Bank; Monetary policy announcements; Central Bank communication; Media expectations (search for similar items in EconPapers)
Pages: 18 pages
Date: 2013-01
New Economics Papers: this item is included in nep-cba, nep-eec, nep-mac and nep-mon
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Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:kof:wpskof:13-334

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