communication. We might expect interest rate expectations, and potentially other asset prices, to react to official communication if … such communication helps inform market participants. We find evidence that the publication of the Minutes of the Monetary … for the UK are arguably less strong than Kohn and Sack’s (2003) findings for US Federal Reserve communication. Although …

This paper investigates the financial market effects of the ECB's communication on the Pandemic Emergency Purchase … Programme (PEPP). Using data for 10 euro area countries, we first analyse the impact of different communication channels such as … whether spreads react differently to communication by specific ECB Executive Board members. Markets turn out to be sensitive …

of central bank communication has increased over time. Employing readability measures as proxy variables, we find that …

Using confidential daily data, we analyse how the intervention episode of the Bank of Israel (BOI) from 2013 to 2019 … unaffected. We also find that the USD/ILS options market anticipates intervention episodes and prices them in before they occur. …

Using federal funds futures data, we show the importance of surprise communication as a component of monetary policy … policy communication for asset prices, much of the subsequent VAR literature attributes all effects of monetary policy on … "communication shocks" (surprise announcements about future policy moves), both orthogonal to internal Fed information. To do so …