| 来源类型 | VoxEU Column |
| 规范类型 | 评论 |
| Reading between the lines of the ECB's introductory statements | |
| Markus Haavio; Pirkka Jalasjoki; Juha Kilponen; Maritta Paloviita; Ilona Vänni | |
| 发表日期 | 2020-07-28 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | The introductory statements made by the ECB are some of the most important sources of insight into the central banks’ policy goals. This column presents a textual analysis which seeks to measure the tone of the statements, with the aim of estimating the Governing Council's ‘loss function’. The results suggest that the ECB has been either more averse to inflation above the 2% ceiling, or that the de facto inflation target has been considerably below this threshold. The results also suggest that an inflation aim of 2%, combined with asymmetry, is a plausible specification of the ECB's wider preferences. |
| 主题 | EU institutions ; Monetary Policy |
| 关键词 | Central banks inflation Ecb Euro area Inflation targeting Text analysis Zero lower bound |
| URL | https://cepr.org/voxeu/columns/reading-between-lines-ecbs-introductory-statements |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/555363 |
| 推荐引用方式 GB/T 7714 | Markus Haavio,Pirkka Jalasjoki,Juha Kilponen,et al. Reading between the lines of the ECB's introductory statements. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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