Organizations design their communication structures to improve decision-making while limiting wasteful influence … activities. An efficient communication protocol grants completeinformation payoffs to all organization members, thereby … strategies before being consulted. Under these assumptions, "public advocacy" is the unique efficient communication protocol …

) communication on asset prices (stock prices, gilt yields and interest rate futures) from 1999-2023. We extend MPC communication to … communication leads to greater asset price volatility than simple and clear communication. Central banks that want to avoid … monetary policy communication, the previous literature has disregarded an important source of variation in asset prices. …