Suchergebnisse

Three page agenda created for a press conference held by the League of Women Voters of Erie County regarding the Erie County Reapportionment Plan. The League urges a No vote on this plan and proceeds to give their reasoning. Also includes the 1981-1982 officers and board of directors for the League of Women Voters of Erie County.

The question how best to communicate monetary policy decisions remains a highly topical issue among central banks. Focusing on the experience of the European Central Bank, this paper studies how explanations of monetary policy decisions at press conferences are perceived by financial markets. The empirical findings show that ECB press conferences provide substantial additional information to financial markets beyond that contained in the monetary policy decisions, and that the information content is closely linked to the characteristics of the decisions. Press conferences indeed have on average had larger effects on financial markets than even the corresponding policy decisions, and with lower effects on volatility. Moreover, the Q&A part of the press conference fulfils a clarification role about the economic outlook, in particular during periods of large macroeconomic uncertainty.

Scholars have debated whether the president's public activities are a function of political and economic factors (presidency‐centered variables) or individual presidents and their administration's tendencies (president‐centered variables). This article examines one of the only quantitative studies that assesses the influence of these variables on presidential press conferences over time. I replicate this study (Hager and Sullivan 1994) and find the authors' conclusions to be misleading. I then present methodologically correct analyses that show—consistent with the qualitative evidence—that the behavior of individual presidents offers the best explanation of press conferences over time.