The aim of central bank communication is to provide information on monetary policy and the economic outlook in a timely … manner to the public. While research on central bank communication and specifically the European Central Bank's press … conference has shown that it has the potential to move markets, in-depth textual analysis of key communication tools creates room …

decision-makers, and that attributed communication can mitigate some of their effects. …

While it has become clear that communication is a monetary policy tool for central banks, and extensive research has … been conducted on central bank communication with financial markets, little is known so far on central bank communication … European Central Bank (ECB) and on understanding of its communication about the Pandemic Emergency Purchase Programme, which …

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 … bank information acts as a "coordination device" able to influence opinions and actions. Most importantly, it generates a …

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 …

. 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 …

that communication plays a significant role in enhancing the accuracy when trying to estimate the bank's reaction function. …

, 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 …