Media Treatment of Monetary Policy Surprises and Their Impact on Firms' and Consumers' Expectations
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F25%3A10475092" target="_blank" >RIV/00216208:11230/25:10475092 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=iFSsJDkYU" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=iFSsJDkYU</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/jmcb.13096" target="_blank" >10.1111/jmcb.13096</a>
Alternative languages
Result language
angličtina
Original language name
Media Treatment of Monetary Policy Surprises and Their Impact on Firms' and Consumers' Expectations
Original language description
We investigate whether monetary policy announcements affect firms' and consumers' expectations by considering their media treatment. We initially use standard monetary policy surprise measures and analyze how the main general newspapers in France report on the announcements. Eighty-five percent of the monetary policy surprises are either not associated with the newspapers reporting a change in the monetary policy stance or have a sign inconsistent with the media report. Only when we consider media-consistent monetary policy surprises do we find that consumers and firms respond to monetary policy announcements. The economic tonality of the media reports drives the sign of consumers' response.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory
Result continuities
Project
<a href="/en/project/GX19-26812X" target="_blank" >GX19-26812X: Frontiers in Energy Efficiency Economics and Modelling - FE3M</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Money, Credit and Banking
ISSN
0022-2879
e-ISSN
1538-4616
Volume of the periodical
57
Issue of the periodical within the volume
7
Country of publishing house
US - UNITED STATES
Number of pages
50
Pages from-to
1793-1842
UT code for WoS article
001067172400001
EID of the result in the Scopus database
2-s2.0-85171448426