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central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …
Persistent link: https://www.econbiz.de/10005013956
in quantity and quality of output. We use data from a controlled field experiment that changed the communication of the …
Persistent link: https://www.econbiz.de/10010539149
This paper examines whether the clarity of central bank communication about inflation has changed with the economic … environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by …, however, did have a negative impact on clarity of central bank communication. …
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We focus on the role that the transmission of information between a multilateral (e.g., the IMF) and a country has for optimal (conditional) reform design. The main result is that the informational advantage of the country must be strictly greater than the advantage of the multilateral in order...
Persistent link: https://www.econbiz.de/10004982766
Since its inception, the European Central Bank (ECB) has regarded communication as anintegral part of its monetary …, overall, ECB communication has contributed to the effectiveness of its monetary policy. Our review of the literature shows … reacted to ECB communication. In addition, there is evidence that communication has improved the predictability of interest …
Persistent link: https://www.econbiz.de/10004983366