around FOMC announcements. Consistent with the stock price results, instrumental variable local projections confirm that the …

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 …

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 …

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

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

How should a central bank organize itself to produce the best possible inflation forecast? This paper discusses … of a suitable statistical apparatus, and the exercise of sound communication strategies to reinforce reputation and …