-world developments have spawned a huge new scholarly literature on central bank communicationmostly empirical, and almost all of it … and powerful part of the central bank's toolkit since it has the ability to move financial markets, to enhance the …

expectations. This paper analyses empirically whether enhanced central bank transparency lowers dispersion among professional … forecasters of key economic variables, using a large set of proxies for central bank transparency in 12 advanced economies. It … finds evidence for a significant and sizeable effect of central bank transparency on forecast dispersion, be it by means of …

-term interest rates to the Bank of England's inflation report and to macroeconomic announcements. Due to the quarterly frequency at … which the Bank of England releases one of its main publications, it can become stale over time. In the course of this … ; announcement effects ; co-ordination of beliefs ; Bank of England channel ; monetary policy …

tools, their content and the environment in which they are employed. - Central bank ; financial stability ; communication …

required, might then be harder to understand. Using variation in the drafting process at the Bank of Canada, this paper studies … the extent to which similarity in central bank statements matters for the reception of their content in financial markets …

bank signals? This paper hypothesises that sharing information among investors can improve expectations, especially in the …-related content on Twitter during the "quiet period" before European Central Bank announcements, when policymakers refrain from public …