Michael Ehrmann - Bank Publications - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:05:02+00:00Starting from a Blank Page? Semantic Similarity in Central Bank Communication and Market Volatility
https://www.bankofcanada.ca/2016/07/staff-working-paper-2016-37/
Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy of central banks. Because of their market-moving potential, it is particularly important how they are drafted. Often, central banks start from the previous statement and update the earlier text with only small changes.2016-07-27T07:36:23+00:00enStarting from a Blank Page? Semantic Similarity in Central Bank Communication and Market Volatility2016-07-27Central bank researchFinancial marketsInterest ratesStaff Working Paper 2016-37https://www.bankofcanada.ca/wp-content/uploads/2016/07/swp2016-37.pdfStarting from a Blank Page? Semantic Similarity in Central Bank Communication and Market VolatilityMichael EhrmannJonathan TalmiJuly 2016EE4E43E5E52E58Financial Inclusion—What’s it Worth?
https://www.bankofcanada.ca/2016/07/staff-working-paper-2016-30/
The paper studies the determinants of being unbanked in the euro area and the United States as well as the effects of being unbanked on wealth accumulation. Based on household-level data from The Eurosystem Household Finance and Consumption Survey and the U.S. Survey of Consumer Finances, it first documents that there are, respectively, 3.6 per cent and 7.5 per cent of unbanked households in the two economies.2016-07-18T09:53:56+00:00enFinancial Inclusion—What’s it Worth?2016-07-18Econometric and statistical methodsFinancial servicesFinancial system regulation and policiesHousingStaff Working Paper 2016-30https://www.bankofcanada.ca/wp-content/uploads/2016/07/swp2016-30.pdfFinancial Inclusion—What’s it Worth?Miguel AmpudiaMichael EhrmannJuly 2016DD1D14GG2G21G28