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that the press critically discusses the ECB's policy decisions in the context of prior market expectations and of the …
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The paper shows that central bank communication is a key determinant of the market's ability to anticipate monetary … policy lowers the market's ability to anticipate policy decisions as well as the future path of interest rates. This effect …, individualistic communication regarding the economic outlook is found to be beneficial for the Federal Reserve, enabling market …
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This paper explores whether there are systematic patterns as to when members of the decision-making committees of the Federal Reserve, the Bank of England and the European Central Bank communicate with the public, and under what circumstances such communication has the ability to move financial...
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