Term that emerged around 2013 to describe a central bank’s increased effort to gain influence over the financial market through written pronouncements and heaping speeches by senior executives after monetary policy cut interest rates at near zero percent. – See pomposity, central banking, purchases, central banking, code words, diet yield, expropriation, cold, financial sodomite, forward guidance, greenspeak, market presence, central banking, moral suasion, open mouth policy, repression, financial, soul massage, stealth policy, central bank statements. – Cf. ECB Monthly Bulletin, April 2014, pp. 73 ff. (textbook account of forward guidance; numerous references).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/