Ideology and monetary policy. The role of political parties' stances in the European Central Bank's parliamentary hearings
In: European journal of political economy, Volume 74, p. 102207
ISSN: 1873-5703
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In: European journal of political economy, Volume 74, p. 102207
ISSN: 1873-5703
In: The journal of legislative studies, Volume 28, Issue 3, p. 421-447
ISSN: 1743-9337
In: ECB Working Paper No. 2022/2705
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We investigate whether ideology drives the sentiments of parliamentarians when they speak to the central bank they hold accountable. To this end, we collect textual data on the quarterly hearings of the ECB President before the European Parliament from 1999 to 2019. We apply sentiment analysis to more than 1,900 speeches of individual Members of the European Parliament (MEPs) from 128 parties. We find robust evidence that MEPs' sentiments toward the ECB are correlated with the ideological stance predominantly on a pro-/anti-European dimension rather than on a left-right dimension.
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In: ECB Working Paper No. 2022/2655
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In: Journal of European public policy, Volume 27, Issue 8, p. 1178-1194
ISSN: 1466-4429
In: Journal of European Public Policy, DOI: 10.1080/13501763.2020.1712463, 2020
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In: Economic Bulletin, European Central Bank, issue 4/2020.
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In: ECB Working Paper No. 2080
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Working paper
In: CFS Working Paper, WP No. 578
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Working paper