Despite the recent trend towards greater transparency of monetary policy, in many respects mystique still prevails in … assumption of imperfect common knowledge about the degree of central bank transparency, economic outcomes are affected by both … the actual and perceived degree of transparency. It is shown that actual transparency is beneficial while it may be useful …

transparency and communication strategies of the central banks. The results of the Survey reveal that today the central banks pay … process. The overall conclusion of the Monetary policy communication Survey is that the communication and the transparency of …This paper summarizes the results of a Survey on Monetary policy Communication conducted among central banks in Central …

This study assesses the European Central Bank's (ECB) crisis management performance and potential for crisis resolution …. The study investigates the institutional and functional constraints that delineate the ECB's scope for policy action under … that the ECB may well stand out positively when compared to other important euro-area or national authorities involved in …

question is affected by the degree of transparency that characterizes monetary policy. When the policy regime is one of … transparency may be dominated by those produced by an opaque and conservative (i.e., less flexible) central bank. …

communication accompanying interest rate meetings. Our proposed method is fast and simple, and relies on a Singular Value … surprises in central bank communication using this type of data and identification provides surprise measures that are … monetary policy literature associates with the information component of monetary policy communication. Our study highlights the …

This chapter examines the evolution of public support for the euro and public trust in the European Central Bank (ECB … a sharp fall in trust in the ECB. The recent economic recovery has strengthened support for the euro as well as trust in … the ECB. We suggest that support for the euro as a medium of exchange was not strongly affected by the crisis, while trust …

the European Central Bank (ECB) have evolved in these three countries since their introduction at the turn of the century … in Sweden. Since the start of the crisis, trust in the ECB was strongly influenced by the pronounced increase in … unemployment in the euro area, demonstrating that the ECB was held accountable for macroeconomic developments. Our results indicate …

imperfect information communicated by a central bank, such communication can inform and improve the public`s decisions and … expectations. But if not, communi-cating imperfect communication has the potential to mislead and distract. The risk that imperfect … communication may detract from the publics understanding should be considered in the context of a central banks communications …