Showing 1 - 10 of 1,665
Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real … written in this decade. We survey this evergrowing literature. The evidence suggests that communication can be an important … large variation in communication strategies across central banks suggests that a consensus has yet to emerge on what …
Persistent link: https://www.econbiz.de/10003778823
announcing a quantified inflation objective, other forms of communication, or by publishing central banks’ inflation and output … ; disagreement ; survey expectations ; monetary policy ; inflation targeting ; central bank communication ; forecasting …
Persistent link: https://www.econbiz.de/10003969574
during the 2007-10 financial crisis. The findings suggest that financial stability communication by central banks are … perceived by markets to contain relevant information, and they underline the importance of differentiating between communication … tools, their content and the environment in which they are employed. - Central bank ; financial stability ; communication …
Persistent link: https://www.econbiz.de/10009006629
Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …
Persistent link: https://www.econbiz.de/10011637411
. 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
This paper studies the impact of major ECB monetary policy announcements on the portfolio allocation of euro area fund investors, using daily data between 2012 and mid-2016, a period that includes a variety of unconventional measures. We distinguish between active portfolio reallocation, driven...
Persistent link: https://www.econbiz.de/10011764397
that communication plays a significant role in enhancing the accuracy when trying to estimate the bank's reaction function. …
Persistent link: https://www.econbiz.de/10011669467
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