媒体新闻与市场预期：洞察欧洲央行依赖数据的新政策体系

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2024-09-16 DOI:10.1016/j.econlet.2024.111987

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引用次数: 0

摘要

众所周知，金融市场会对欧洲央行的政策公告做出反应，但这些反应往往反映了受之前媒体报道影响的市场预期的调整。在欧元区持续通胀的情况下，欧洲央行采用了 "依赖数据 "的政策机制，新闻的重要性可能随之增加。我们的实证研究结果证实了这一点，并强调了媒体新闻与预期之间复杂的相互作用，在官方政策宣布之前和期间影响着市场动态和反应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Media news and market expectations: Insights into the ECB's new data-dependent policy regime

Financial markets are known to respond to ECB policy announcements, yet these reactions could often reflect adjustments to heightened market expectations influenced by prior media coverage. News may have gained importance following the ECB's adoption of a “data-dependent” policy regime amidst persistent inflation in the Euro Area. Our empirical findings confirm this and underscore the complex interactions between media news and expectations in shaping market dynamics and reactions both before and during official policy announcements.

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.