relatively high proportions of individuals with diminished cognitive and social skills. A cross-disciplinary examination of … skills, as well as on brain architecture and neurochemistry; that both skill development and brain maturation are …

communication about future interest rate decisions based on information from the Internet and news sources. We apply the methodology … to statements released by the Federal Open Market Committee (FOMC) after its policy meetings starting in 1999. Using … announcements, whereas longer-dated Treasuries mainly react to changes in policy communication. Using lower frequency data, we find …

Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real …-world developments have spawned a huge new scholarly literature on central bank communication -- mostly empirical, and almost all of it … written in this decade. We survey this ever-growing literature. The evidence suggests that communication can be an important …

communication by central banks about their policy decisions, the targets that they seek to achieve through those decisions, and the … central bank's view of the economy's likely future evolution. This paper considers the role of such communication in the … signaling by the FOMC in the U.S., using the statement released following each Committee meeting, since August 2003. The second …

informal communication – including unattributed communication -- plays a central role in monetary policy communication. This … contrasts with the standard communications framework in which communication should be public and on-the-record because it serves … to ensure accountability and policy effectiveness. I lay out possible benefits of using unattributed communication as an …

Inflation targeting is shown to imply inflation forecast targeting: the central bank's inflation forecast becomes an … explicit intermediate target. Inflation forecast targeting simplifies both implementation and monitoring of monetary policy …. The weight on output stabilization determines how quickly the inflation forecast is adjusted towards the inflation target …