´s monetary policy and augment them with communication indicators. First, we find that the ECB responded to risks to price …

´s monetary policy and augment them with communication indicators. First, we find that the ECB responded to risks to price …

This paper examines whether central bank communication stabilises euro area inflation expectations through the … visitors’ attention to its communication. We conduct several econometric tests with daily data to measure the impact of ECB … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that …