Showing 1 - 10 of 1,297
. This article surveys a rapidly-growing literature on central bank communication with the public. We first discuss why and … how such communication is more challenging than communicating with expert audiences. Then we survey the empirical evidence …
Persistent link: https://www.econbiz.de/10013329414
Central banks have intensified their communication with non-experts - an endeavour which some have argued is bound to … fail. This paper studies English and German Twitter traffic about the ECB to understand whether its communication is … received by non-experts and how it affects their views. It shows that Twitter traffic is responsive to ECB communication, also …
Persistent link: https://www.econbiz.de/10012627889
Why do long-run interest rates respond to central bank communication? Whereas existing explanations imply a common set …-run rates and operate primarily through the term premium. This suggests communication plays an important role in shaping …
Persistent link: https://www.econbiz.de/10012150121
decision-makers, and that attributed communication can mitigate some of their effects. …
Persistent link: https://www.econbiz.de/10014380707
This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook … they are also useful for policymakers to define a communication strategy that attenuates ex-ante inflation uncertainty in …
Persistent link: https://www.econbiz.de/10012603073
Monetary policy communication is particularly important during unconventional times, because high uncertainty about the … predictability of policy actions. We study how monetary policy communication should and has worked under such circumstances. Our main …
Persistent link: https://www.econbiz.de/10011663996
Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …
Persistent link: https://www.econbiz.de/10011637411
's monetary policy and augment them with communication indicators. First, we find that the ECB responded to risks to price …
Persistent link: https://www.econbiz.de/10012244764
talk about the economy? We propose a simple framework that allows us to estimate communication rules in the United States … based on text analysis with regularized regressions. We find strong evidence for systematic communication rules that vary …'s communication rule and use it to investigate how much of the disagreement between the market and the Fed come from disagreement …
Persistent link: https://www.econbiz.de/10013485936
, which sought their views on monetary policy communication practices, the related challenges and the road ahead. Pronounced … view enhancing credibility and trust as the most important objective of central bank communication. They judge … communication with financial markets and experts as extremely important and adequate, but see substantial room for improvement in …
Persistent link: https://www.econbiz.de/10012705527