Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …. It shows that similar press releases generate less market volatility, but that more substantial textual changes after a … sequence of very similar statements lead to much larger volatility …

volatility at the turn of the millennium when Japanese foreign exchange intervention started to remain unsterilized …

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 …

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 …

that communication plays a significant role in enhancing the accuracy when trying to estimate the bank's reaction function …

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 …

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 …