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An den Lippen der EZB – Der KOF Monetary Policy Communicator

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Abstract

Die «Einleitenden Bemerkungen» des Präsidenten der Europäischen Zentralbank (EZB) im Rahmen der monatlichen Pressekonferenz werden weltweit mit grosser Aufmerksamkeit verfolgt. Sowohl die anwesenden Journalisten als auch die online zugeschalteten Ökonomen und Analysten verfolgen jedes Wort des Präsidenten mit Spannung und suchen nach Hinweisen auf eine bevorstehende Änderung der Leitzinsen. Der neue KOF Monetary Policy Communicator (KOF MPC) transformiert die Aussagen des EZB-Präsidenten in eine quantitative Grösse. Er misst, welche Risiken für die zukünftige Preisstabilität kommuniziert werden und gibt somit wichtige Hinweise auf die zu erwartenden geldpolitischen Massnahmen.

Suggested Citation

  • Michael J. Lamla & Christian Conrad, 2007. "An den Lippen der EZB – Der KOF Monetary Policy Communicator," KOF Analysen, KOF Swiss Economic Institute, ETH Zurich, vol. 1(4), pages 33-45, March.
    • Handle: RePEc:kof:anskof:v:1:y:2007:i:4:p:33-45
    DOI: 10.3929/ethz-a-005427569
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    References listed on IDEAS

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    1. Stephan Sauer & Jan‐Egbert Sturm, 2007. "Using Taylor Rules to Understand European Central Bank Monetary Policy," German Economic Review, Verein für Socialpolitik, vol. 8(3), pages 375-398, August.
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    Cited by:

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