Ideology and monetary policy. The role of political parties' stances in the European Central Bank's parliamentary hearings

被引：5

作者：

Fraccaroli, Nicola ^{[1
,3
]}

Giovannini, Alessandro ^{[2
]}

Jamet, Jean-Francois ^{[2
]}

Persson, Eric ^{[2
]}

机构：

[1] Brown Univ, Providence, RI USA

[2] European Cent Bank, Frankfurt, Germany

[3] Brown Univ, Watson Inst, WR Rhodes Ctr Int Econ & Finance, 111 Thayer St, Box 1970, Providence, RI 02912 USA

来源：

EUROPEAN JOURNAL OF POLITICAL ECONOMY | 2022年 / 74卷

关键词：

Ideology; Central Bank Accountability; European Central Bank; European Parliament; Sentiment analysis; Central Bank Independence; GOVERNMENT IDEOLOGY; FINANCIAL CRISES; ACCOUNTABILITY; COMMUNICATION; SENTIMENT; EUROZONE; PUBLICS;

D O I：

10.1016/j.ejpoleco.2022.102207

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the link between ideology and 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 1900 speeches of individual Members of the European Parliament (MEPs) from 128 parties. We find robust evidence that MEPs' sentiments towards the ECB are correlated with the ideological stance predominantly on a pro-/anti-European dimension rather than on a left-right dimension.

引用

页数：33

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