leads us to analyze the role of decentralized communication in order to deal with dynamic or endogenous information …

central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the … ECB communication that are all based on the ECB President’s introductory statement at the press conference following an … included in our Taylor rule model, the ECB communication indicators remain significant. …

This paper analyzes the role of communication between firms in an infinitely repeated Bertrand game in which firms …-temporal market sharing as a perfect substitute for communication in low-demand states. Therefore, partial communication in high …-demand states is sufficient to achieve the most collusive, full communication outcome. And partial communication in low …

to communication incentives that are highly non-linear in the size of the innovation. Entry with small and medium … equilibrium communication behavior maximizes ex ante total welfare by reducing the anti-competitive impact of excessively … exclusive contracts. By contrast, consumers always prefer more communication and the incumbent's equilibrium contract maximizes …

dollar. The findings suggest that communication hinting at a weakening of EMEs’ US dollar focus contributed substantially to … more cautious in their communication more recently. Overall, the results underscore the growing systemic importance of EMEs …

Our paper aims to assess how the Magyar Nemzeti Bank’s communication affects financial asset prices. We find that the …, while short-term yields are influenced only by the communication related to the exchange rate. Analysing the direction and … channels of communication we observe two asymmetries. The central bank is more successful in signalling monetary policy …

’s inflation misperceptions could have been avoided. Using principles of crisis communication, we identify the mistakes made and …