We consider the evolution of preferences when trade occurs between two countries. We show that if one country is much …

that this trade-promoting effect of language is likely to reflect cultural ties, rather than lower costs of communication …Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade … or similar institutions. Analyzing unique data for a single-language country, Germany, we find that similarities in the …

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. …

in quantity and quality of output. We use data from a controlled field experiment that changed the communication of the …

of unverifiable information and the quality of communication depends on the conflict of interests between the government …