; this means that the central bank may prefer to focus its communication policies on the information it knows most about …

Italy's labor productivity in market services has declined since 2000, underperforming manufacturing and peer European … sectors with high markups, such as professional services, would primarily benefit from removing entry barriers. Sectors with a …

This paper argues that structural weaknesses may make private investment particularly sensitive to business confidence … relative to other traditional investment drivers and global shocks. It gauges the importance of confidence over recent years in …, including a set of investment drivers (interest rates, unit labor costs, and confidence) is analyzed. The findings suggest that …

information (data collection and processing) and communication (relationships and distribution). Both follow historic trends …. We argue that in particular the rise of new communication channels can lead to the vertical and horizontal disintegration … of the traditional bank business model. Specialized providers of financial services can chip away activities that do not …

This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of … for the three major communication channels of the CBC: the release of policy meetings' statements, minutes, and monetary … monetary policy surprises associated with meeting statements and the impact of the above communication channels on asset …

methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools …