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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 …
Persistent link: https://www.econbiz.de/10011878683
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
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
Persistent link: https://www.econbiz.de/10009424697
Persistent link: https://www.econbiz.de/10010388763
Since the adoption of the inflation targeting framework by Bank Indonesia (BI), monetary policy communication has … played an increasingly important role in BI's policy toolkit. This paper assesses BI's monetary policy communication from … significant progress in the transparency of its communication as well as in the institutional framework to support this …
Persistent link: https://www.econbiz.de/10012252075
Persistent link: https://www.econbiz.de/10010441876
To mitigate the risks of contagion from problems arising in the banking sector, many countries operate some form of banking sector safety net. Such safety nets generally involve a judicious mixture of transparency and ambiguity. This ambiguity may be important to counter moral hazard effects but...
Persistent link: https://www.econbiz.de/10014401131
Is it desirable that central banks be more transparent in the communication of sensible information when agents have …
Persistent link: https://www.econbiz.de/10014402814