In recent years central bankers have placed new emphasis on communication with financial markets and the general public … increased central bank communication. - Contributors offer theoretical analyses of the effect of central bank communication on … communication, decision making, and governance practices of the Greenspan-era U.S. Federal Reserve, the fledgling European Central …

examine whether this form of ECB communication adds information to a shadow interest rate that summarises the overall policy … stance as interpreted by financial markets. To measure communication, we use information based on ECB press releases … distinguishing between topics like inflation, the real economy and monetary developments. We also look at the effect of communication …