Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - 2008
it
has the ability to move financial markets, to enhance the predictability of monetary policy
decisions, and … reduce volatility in financial markets. As William Poole
(2001, p. 9) put it: “The presumption must be that market … impacts of central bank communications on
financial markets. The basic idea is that, if communications steer expectations …