On 28th November OxTalks will move to the new Halo platform and will become 'Oxford Events' (full details are available on the Staff Gateway).
There will be an OxTalks freeze beginning on Friday 14th November. This means you will need to publish any of your known events to OxTalks by then as there will be no facility to publish or edit events in that fortnight. During the freeze, all events will be migrated to the new Oxford Events site. It will still be possible to view events on OxTalks during this time.
If you have any questions, please contact halo@digital.ox.ac.uk
To meet with the speaker please sign up on the following sheet at the latest two days before the visit:
docs.google.com/spreadsheets/d/1r-zlPHqsFNjUU6tzRtJYcbtoQzwHXH9KCAy-RGDvmYY/edit#gid=0
Abstract:
We study the impact of the monetary policy announcements on market-based expectations of interest and of inflation rates. We find that the impact of the ECB announcements of the future monetary policy stance on inflation expectations has changed over the last fifteen years. In particular, while in the central part of our sample these announcements were read as a signal about the economic conditions (i.e. Delphic component), in latest episodes they have been interpreted as a commitment device on the future monetary policy stance (i.e. Odyssean component). We propose an approach to separately identify the Delphic and Odyssean component of the ECB monetary policy announcements and we measure their dynamic impact on the economy.
