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Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real … written in this decade. We survey this evergrowing literature. The evidence suggests that communication can be an important … large variation in communication strategies across central banks suggests that a consensus has yet to emerge on what …
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during the 2007-10 financial crisis. The findings suggest that financial stability communication by central banks are … perceived by markets to contain relevant information, and they underline the importance of differentiating between communication … tools, their content and the environment in which they are employed. - Central bank ; financial stability ; communication …
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conditions are met, including the use of large volumes and that intervention is made public and supported via communication. …
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to revert to other types of Fed communication in the inter-meeting periods, and come to their own assessment of the …
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The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking … process in the committee. The paper shows that the Federal Reserve has been pursuing a rather individualistic communication …
Persistent link: https://www.econbiz.de/10003014292