information and news channel. A novelty of the study is its use of data from Google Analytics on ECB website traffic as proxy for … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that …-term professional inflation expectations. Our findings add to the theoretical evidence on the existence of an information and news …

We study the information flow from the ECB on policy dates since its inception, using tick data. We show that three …

signals, we show that the release of more precise public information about future rates lowers the informativeness of market …. However, when the increase in precision of public information is sufficiently large, uncertainty is unambiguously reduced. …

interpreted by real-time market commentaries as containing information about asset purchase programmes aimed to stabilise … reversal of ight-to-safety dynamics, it generates strong expansionary macroeconomic effects in all euro area countries …

uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook … information not only reduces professional forecasters' disagreement (i.e., the cross-sectional dispersion of their average point … bank information acts as a "coordination device" able to influence opinions and actions. Most importantly, it generates a …