Empirics of monetary policies by European Central Bank ; a fusion of chorological and time-series analysis
| Project/Area Number |
20530288
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Kansai University |
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Principal Investigator |
TAKAYA Sadayoshi Kansai University, 商学部, 教授 (60236362)
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| Project Period (FY) |
2008 – 2010
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| Project Status |
Completed (Fiscal Year 2010)
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| Budget Amount *help |
¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000)
Fiscal Year 2010: ¥910,000 (Direct Cost: ¥700,000、Indirect Cost: ¥210,000)
Fiscal Year 2009: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2008: ¥2,080,000 (Direct Cost: ¥1,600,000、Indirect Cost: ¥480,000)
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| Keywords | 欧州中央銀行 / 金融政策 / アナウンスメント / プレスステートメント / テイラー・ルール / 量的緩和政策 / 金融政策決定過程 / コミュニケーション / VARモデル / ユーロ圏 / 金融危機 / テキストマイニング / ベクトル自己回帰モデル |
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| Research Abstract |
This study explores empirics of monetary policy of European Central Bank (ECB) by focusing on press-statements by ECB governor. We estimate changes of stances of the ECB with press-statement. As a result, we find some words are significant on forecast of ECB's monetary policy stances.
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Report
(4 results)
Research Products
(18 results)
