Carotta, Gianni; Mello Costa, Miguel; Ponce, Jorge - In: Latin American journal of central banking : LAJCB 4 (2023) 3, pp. 1-17
We contribute new empirical evidence on monetary policy communication and inflation expectations by firms. First, we … construct a new indicator of the perceived tone of monetary policy communication that complements traditional indicators of the … that readability is an important component in monetary policy communication. …