Efectos de la comunicación del banco central sobre los títulos públicos: Evidencia empírica para Colombia

Juan Camilo Anzoátegui Zapata; Juan Camilo Galvis Ciro

doi:10.15446/cuad.econ.v38n77.64706

Efectos de la comunicación del banco central sobre los títulos públicos: Evidencia empírica para Colombia

Translated title of the contribution: The effects of central bank communication on public debt securities: Empirical evidence for Colombia

Juan Camilo Anzoátegui Zapata
, Juan Camilo Galvis Ciro

Research output: Contribution to scientific journal › Article in an indexed scientific journal › peer-review

6 Scopus citations

Abstract

This paper examines the effect of the central bank's communication on public debt for the Colombian economy with data referring to the period 2008-2016. The press releases, the minutes and the inflation reports are analyzed. The findings indicate that communication has important effects on the levels of returns of public debt securities the day after the announcements, and the effect is greater for the monetary policy minutes.

Translated title of the contribution	The effects of central bank communication on public debt securities: Empirical evidence for Colombia
Original language	Spanish
Pages (from-to)	337-364
Number of pages	28
Journal	Cuadernos de Economia (Colombia)
Volume	38
Issue number	77
DOIs	https://doi.org/10.15446/cuad.econ.v38n77.64706
State	Published - 2019

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10.15446/cuad.econ.v38n77.64706

Cite this

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title = "Efectos de la comunicaci{\'o}n del banco central sobre los t{\'i}tulos p{\'u}blicos: Evidencia emp{\'i}rica para Colombia",

abstract = "This paper examines the effect of the central bank's communication on public debt for the Colombian economy with data referring to the period 2008-2016. The press releases, the minutes and the inflation reports are analyzed. The findings indicate that communication has important effects on the levels of returns of public debt securities the day after the announcements, and the effect is greater for the monetary policy minutes.",

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T2 - Evidencia empírica para Colombia

AU - Anzoátegui Zapata, Juan Camilo

AU - Galvis Ciro, Juan Camilo

PY - 2019

Y1 - 2019

N2 - This paper examines the effect of the central bank's communication on public debt for the Colombian economy with data referring to the period 2008-2016. The press releases, the minutes and the inflation reports are analyzed. The findings indicate that communication has important effects on the levels of returns of public debt securities the day after the announcements, and the effect is greater for the monetary policy minutes.

AB - This paper examines the effect of the central bank's communication on public debt for the Colombian economy with data referring to the period 2008-2016. The press releases, the minutes and the inflation reports are analyzed. The findings indicate that communication has important effects on the levels of returns of public debt securities the day after the announcements, and the effect is greater for the monetary policy minutes.

KW - Central bank communication

KW - Monetary policy

KW - Public debt

UR - https://www.scopus.com/pages/publications/85072749835

U2 - 10.15446/cuad.econ.v38n77.64706

DO - 10.15446/cuad.econ.v38n77.64706

M3 - Artículo en revista científica indexada

AN - SCOPUS:85072749835

SN - 0121-4772

VL - 38

SP - 337

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JO - Cuadernos de Economia (Colombia)

JF - Cuadernos de Economia (Colombia)

IS - 77

ER -

Efectos de la comunicación del banco central sobre los títulos públicos: Evidencia empírica para Colombia

Abstract

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