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~institution:"European Central Bank"
~person:"Ehrmann, Michael"
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inflation targeting
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Ehrmann, Michael
Martins, Fernando
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European Central Bank
Fachbereich Wirtschaftswissenschaft, Freie Universität Berlin
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The role of central bank transparency for guiding private sector forecasts
Ehrmann, Michael
;
Eijffinger, Sylvester
;
Fratzscher, Marcel
-
European Central Bank
-
2010
There is a broad consensus in the literature that costs of information processing and acquisition may generate costly disagreements in expectations among economic agents, and that central banks may play a central role in reducing such dispersion in expectations. This paper analyses empirically...
Persistent link: https://www.econbiz.de/10008545908
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2
Memories of high inflation
Ehrmann, Michael
;
Tzamourani, Panagiota
-
European Central Bank
-
2009
about the importance attached to price stability, using a large database covering over 52,000
survey
responses from 23 …
Persistent link: https://www.econbiz.de/10008631546
Saved in:
3
Geography or skills: What explains Fed watchers’ forecast accuracy of US monetary policy?
Berger, Helge
;
Ehrmann, Michael
;
Fratzscher, Marcel
-
European Central Bank
-
2006
The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 basis points between the best and worst-performers...
Persistent link: https://www.econbiz.de/10005530863
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