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The Emotions of Monetary Policy

Author

Listed:
  • Klose, Jens
  • Barry, Mamdou-Lamine
  • Bruns, Brenton Joey
  • Kandemir, Sinem
  • Smirnov, Victor
  • Tillmann, Peter

Abstract

No abstract is available for this item.

Suggested Citation

  • Klose, Jens & Barry, Mamdou-Lamine & Bruns, Brenton Joey & Kandemir, Sinem & Smirnov, Victor & Tillmann, Peter, 2025. "The Emotions of Monetary Policy," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325365, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc25:325365
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    References listed on IDEAS

    as
    1. Altavilla, Carlo & Brugnolini, Luca & Gürkaynak, Refet S. & Motto, Roberto & Ragusa, Giuseppe, 2019. "Measuring euro area monetary policy," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 162-179.
    2. Alexis Marchal, 2021. "Risk & Returns around Fomc Press Conferences: A Novel Perspective from Computer Vision," Swiss Finance Institute Research Paper Series 21-18, Swiss Finance Institute.
    3. Yuriy Gorodnichenko & Tho Pham & Oleksandr Talavera, 2023. "The Voice of Monetary Policy," American Economic Review, American Economic Association, vol. 113(2), pages 548-584, February.
    4. Claus Brand & Daniel Buncic & Jarkko Turunen, 2010. "The Impact of ECB Monetary Policy Decisions and Communication on the Yield Curve," Journal of the European Economic Association, MIT Press, vol. 8(6), pages 1266-1298, December.
    5. Alexis Marchal, 2020. "Risk & returns around FOMC press conferences: a novel perspective from computer vision," Papers 2012.06573, arXiv.org, revised Jan 2021.
    6. Hunter Ng, 2024. "Strategic Control of Facial Expressions by the Fed Chair," Papers 2410.20214, arXiv.org.
    7. Michael Ehrmann & Marcel Fratzscher, 2009. "Explaining Monetary Policy in Press Conferences," International Journal of Central Banking, International Journal of Central Banking, vol. 5(2), pages 42-84, June.
    8. Gurkaynak, Refet S. & Sack, Brian T. & Swanson, Eric P., 2007. "Market-Based Measures of Monetary Policy Expectations," Journal of Business & Economic Statistics, American Statistical Association, vol. 25, pages 201-212, April.
    9. Gu, Chen & Kurov, Alexander & Wolfe, Marketa Halova, 2018. "Relief Rallies after FOMC Announcements as a Resolution of Uncertainty," Journal of Empirical Finance, Elsevier, vol. 49(C), pages 1-18.
    10. Marek Jarociński & Peter Karadi, 2020. "Deconstructing Monetary Policy Surprises—The Role of Information Shocks," American Economic Journal: Macroeconomics, American Economic Association, vol. 12(2), pages 1-43, April.
    11. Parle, Conor, 2022. "The financial market impact of ECB monetary policy press conferences — A text based approach," European Journal of Political Economy, Elsevier, vol. 74(C).
    12. Giorgino, Toni, 2009. "Computing and Visualizing Dynamic Time Warping Alignments in R: The dtw Package," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 31(i07).
    13. Baerg, Nicole & Binder, Carola, 2024. "Automated Detection Of Emotion In Central Bank Communication: A Warning," National Institute Economic Review, National Institute of Economic and Social Research, vol. 269, pages 82-91, August.
    14. Refet S Gürkaynak & Brian Sack & Eric Swanson, 2005. "Do Actions Speak Louder Than Words? The Response of Asset Prices to Monetary Policy Actions and Statements," International Journal of Central Banking, International Journal of Central Banking, vol. 1(1), May.
    15. Dimitrios Kanelis & Pierre L. Siklos, 2024. "The ECB Press Conference Statement Deriving a New Sentiment Indicator for the Euro Area," CAMA Working Papers 2024-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    16. Pavelkova, Andrea, 2022. "The ECB press conference: a textual analysis," Working Paper Series 2742, European Central Bank.
    17. Gómez-Cram, Roberto & Grotteria, Marco, 2022. "Real-time price discovery via verbal communication: Method and application to Fedspeak," Journal of Financial Economics, Elsevier, vol. 143(3), pages 993-1025.
    18. Swanson, Eric T., 2021. "Measuring the effects of federal reserve forward guidance and asset purchases on financial markets," Journal of Monetary Economics, Elsevier, vol. 118(C), pages 32-53.
    19. Angino, Siria & Robitu, Robert, 2023. "One question at a time! A text mining analysis of the ECB Q&A session," Working Paper Series 2852, European Central Bank.
    20. Justyna Klejdysz & Robin L. Lumsdaine, 2023. "Shifts in ECB Communication: A Textual Analysis of the Press Conference," International Journal of Central Banking, International Journal of Central Banking, vol. 19(2), pages 473-542, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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