We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …

The authors study credible information transmission by a benevolent short-lived central bank. They consider two … possibilities: direct revelation through an announcement, versus indirect information transmission through monetary policy. These … two ways of transmitting information have very different consequences. Since the objectives of the central bank and those …

information is perfect and expectations are rational. Furthermore, this temporary increase in production would occur, even if the …

We study credible information transmission by a benevolent short-lived central bank. We consider two possibilities … information in some cases. Private investors then might rationally ignore announcements by the central bank. In contrast …, information transmission through changes in the interest rate creates a distortion, thus lending an amount of credibility. This …

information and news channel. A novelty of the study is its use of data from Google Analytics on ECB website traffic as proxy for … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that …-term professional inflation expectations. Our findings add to the theoretical evidence on the existence of an information and news …