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|Title:||Determinants of ECB monetary policy : Taylor rule, crisis, interdependence and sentiment analysis||Authors:||Moufarrej, Anny||Advisors:||Daia, Roula Al||Subjects:||Monetary policy||Issue Date:||2019||Abstract:||
This paper examines if the European Central Bank behavior can be estimated by a single reaction function as the monetary policy of the European Union was not unified before 1999. For this purpose, we inspect whether a Taylor rule that is augmented by the exchange rate can be used to describe the behavior of the European Central Bank over the course of four phases starting from 1999 until 2017. We also pay particular attention to the possible interdependence of the Federal Reserves in conjunction with the financial crisis on the behavior of the ECB. After running the regressions, we conduct a sentiment analysis on ECB communications pertaining to the interest rate setting policy.
Includes bibliographical references (p. 41-44).
Supervised by Dr. Roula Al Daia.
|URI:||https://scholarhub.balamand.edu.lb/handle/uob/4084||Rights:||This object is protected by copyright, and is made available here for research and educational purposes. Permission to reuse, publish, or reproduce the object beyond the personal and educational use exceptions must be obtained from the copyright holder||Ezproxy URL:||Link to full text||Type:||Thesis|
|Appears in Collections:||UOB Theses and Projects|
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