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effects, whereas the notion of 'tight enough' remains invariant. In this sense, efficient communication requires effective …
Persistent link: https://www.econbiz.de/10013088906
their decisions to the public. This paper studies whether the communication of central banks can be used to explain upcoming … central bank communication during times of financial crisis. This is done by constructing an indicator to measure the … bank level during the financial crisis despite the rapid growth of economic uncertainty, and that communication can be a …
Persistent link: https://www.econbiz.de/10012016799
Communication has become a vital part of modern monetary policy, and its importance is even higher during a crisis when … communication from individual central bank policymakers in the European Central Bank and the Federal Reserve during a period of very … of communication. …
Persistent link: https://www.econbiz.de/10013407483
Persistent link: https://www.econbiz.de/10014637109
coordination, the number of signals they acquire may decrease in the number released. The optimal quantity of communication is … useful information and the risk of overwhelming it with excessive communication. An information authority chooses how many …
Persistent link: https://www.econbiz.de/10010938553
effects, whereas the notion of "tight enough" remains invariant. In this sense, efficient communication requires effective …
Persistent link: https://www.econbiz.de/10010815968
How do financial markets acquire information about upcoming monetary policy decisions, beyond their reaction to central bank signals? This paper hypothesises that sharing information among investors can improve expectations, especially in the presence of disagreement or uncertainty about the...
Persistent link: https://www.econbiz.de/10013547894
While the literature has already widely documented the effects of macroeconomic news announcements on asset prices, as well as their asymmetric impact during good and bad times, we focus on the reaction to news based on the description of the state of the economy as painted by the Federal Open...
Persistent link: https://www.econbiz.de/10013309615
for coordination improves horizontal communication but worsens vertical communication. As a result, no matter how …This paper compares centralized and decentralized coordination when managers are privately informed and communicate … important coordination is, decentralization dominates centralization if the division managers are not too biased towards their …
Persistent link: https://www.econbiz.de/10014056693
economics literature has investigated select aspects of monetary policy communication, the literature in this area remains … disconnected from other relevant social science theories and techniques, most notably in political communication and media studies … different sectors to different types of communication events. I find that coverage of the Fed is less frequent than coverage of …
Persistent link: https://www.econbiz.de/10012983714