Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - 2008
. With
only a few exceptions, empirical studies to date suggest that more and better central bank
communication contributed … role of financial market development and sophistication in incorporating such news.
x The limited number of studies that … empirical; and this survey
9
ECB
Working Paper Series No 898
May 2008
reflects that weighting. Studies of how central bank …