Financial markets are known to respond to ECB policy announcements, yet these reactions could often reflect adjustments to heightened market expectations influenced by prior media coverage. News may have gained importance following the ECB's adoption of a “data-dependent” policy regime amidst persistent inflation in the Euro Area. Our empirical findings confirm this and underscore the complex interactions between media news and expectations in shaping market dynamics and reactions both before and during official policy announcements.

Dragomirescu-Gaina, C., Monticini, A., Salsano, F., Media news and market expectations: Insights into the ECB's new data-dependent policy regime, <<ECONOMICS LETTERS>>, 2024; (244): N/A-N/A. [doi:10.1016/j.econlet.2024.111987] [https://hdl.handle.net/10807/291298]

Media news and market expectations: Insights into the ECB's new data-dependent policy regime

Dragomirescu-Gaina, Catalin-Florinel
;
Monticini, Andrea;
2024

Abstract

Financial markets are known to respond to ECB policy announcements, yet these reactions could often reflect adjustments to heightened market expectations influenced by prior media coverage. News may have gained importance following the ECB's adoption of a “data-dependent” policy regime amidst persistent inflation in the Euro Area. Our empirical findings confirm this and underscore the complex interactions between media news and expectations in shaping market dynamics and reactions both before and during official policy announcements.
2024
Inglese
Dragomirescu-Gaina, C., Monticini, A., Salsano, F., Media news and market expectations: Insights into the ECB's new data-dependent policy regime, <<ECONOMICS LETTERS>>, 2024; (244): N/A-N/A. [doi:10.1016/j.econlet.2024.111987] [https://hdl.handle.net/10807/291298]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/291298
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