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 …

Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …

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 …

. 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 …

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

, 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 …

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 …

communication behavior. …