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effective monetary policy communication will only increase as China continues to liberalize its financial system and open its … markets of the PBC's main communication channels, including a novel communication channel. The results suggest that there has … been significant progress but that PBC communication is still evolving toward the level of other major economies. The paper …
Persistent link: https://www.econbiz.de/10011978360
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 … policy reports (IPoM). We assess monetary policy predictability and efficacy by looking at the size and time-evolution of …
Persistent link: https://www.econbiz.de/10011878683
; this means that the central bank may prefer to focus its communication policies on the information it knows most about …
Persistent link: https://www.econbiz.de/10014401641
methodology for the empirical evaluation of consistency in central bank communication. We find that the three communication tools …
Persistent link: https://www.econbiz.de/10014401995
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation factors reported by the central banks with ex-post...
Persistent link: https://www.econbiz.de/10014411339
Persistent link: https://www.econbiz.de/10009424687
Persistent link: https://www.econbiz.de/10009487104
Persistent link: https://www.econbiz.de/10011281175
This paper considers the role of country-level opacity (the lack of availability of information) in amplifying shocks emanating from financial centers. We provide a simple model where, in the presence of ambiguity (uncertainty about the probability distribution of returns), prices in emerging...
Persistent link: https://www.econbiz.de/10012667558
We find that data transparency policy reforms, reflected in subscriptions to the IMF's Data Standards Initiatives (SDDS …
Persistent link: https://www.econbiz.de/10011670527