-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it … and powerful part of the central bank’s toolkit since it has the ability to move financial markets, to enhance the … predictability of monetary policy decisions, and potentially to help achieve central banks’ macroeconomic objectives. However, the …

Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances … identified; even though these are more specific to the individual central banks, they are consistent with differences in the … central banks’ monetary policy strategies and communication policies. JEL Classification: E43, E52, E58, G12 …

stabilisation of the price level), it often pays to give the central bank a price level objective (rather than an inflation …

collateralisation processes between national central banks and interbank operations, (v) the heterogeneity in fiscal and accounting …

equilibrium models, estimated using Bayesian techniques, can become an additional useful tool in the forecasting kit of central …