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to revert to other types of Fed communication in the inter-meeting periods, and come to their own assessment of the …
Persistent link: https://www.econbiz.de/10011604503
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking … process in the committee. The paper shows that the Federal Reserve has been pursuing a rather individualistic communication …
Persistent link: https://www.econbiz.de/10011604534
Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real …-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it … written in this decade. We survey this evergrowing literature. The evidence suggests that communication can be an important …
Persistent link: https://www.econbiz.de/10011604944
during the 2007-10 financial crisis. The findings suggest that financial stability communication by central banks are … perceived by markets to contain relevant information, and they underline the importance of differentiating between communication …
Persistent link: https://www.econbiz.de/10011605378
While the established literature on central bank communication has traditionally dealt with communication of monetary … policy messages to financial markets and the wider public, central bank communication on fiscal policy has so far received … little attention. This paper empirically reviews the intensity of central banks' fiscal communication by five central banks …
Persistent link: https://www.econbiz.de/10013100569
Why do long-run interest rates respond to central bank communication? Whereas existing explanations imply a common set …-run rates and operate primarily through the term premium. This suggests communication plays an important role in shaping …
Persistent link: https://www.econbiz.de/10012844266
that communication plays a significant role in enhancing the accuracy when trying to estimate the bank's reaction function …
Persistent link: https://www.econbiz.de/10012952829
Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …
Persistent link: https://www.econbiz.de/10012962430
Central banks have intensified their communication with non-experts – an endeavour which some have argued is bound to … fail. This paper studies English and German Twitter traffic about the ECB to understand whether its communication is … received by non-experts and how it affects their views. It shows that Twitter traffic is responsive to ECB communication, also …
Persistent link: https://www.econbiz.de/10013210703
Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real …-world developments have spawned a huge new scholarly literature on central bank communication - mostly empirical, and almost all of it … written in this decade. We survey this evergrowing literature. The evidence suggests that communication can be an important …
Persistent link: https://www.econbiz.de/10012756645