Showing 1 - 10 of 11,587
In this paper, I examine whether communications by the Federal Open Market Committee (FOMC) play a role in determining … intensity with which FOMC statements and meeting minutes discussed labor relative to other topics. I find that these labor topic …
Persistent link: https://www.econbiz.de/10011764553
This paper discusses the evolution of central bank communication, focusing on recent efforts by central banks to engage … analyzing Twitter content by and about monetary policy makers can inform about the effectiveness of communication in influencing … communication affects expectations and, subsequently, behavior in financial markets …
Persistent link: https://www.econbiz.de/10014238784
decision-makers, and that attributed communication can mitigate some of their effects. …
Persistent link: https://www.econbiz.de/10014380707
communication. We might expect interest rate expectations, and potentially other asset prices, to react to official communication if … such communication helps inform market participants. We find evidence that the publication of the Minutes of the Monetary … for the UK are arguably less strong than Kohn and Sack’s (2003) findings for US Federal Reserve communication. Although …
Persistent link: https://www.econbiz.de/10003384156
This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook … they are also useful for policymakers to define a communication strategy that attenuates ex-ante inflation uncertainty in …
Persistent link: https://www.econbiz.de/10012603073
central bank communication and the management of expectations referring to a practical institutional example, we also comment … on the role the Monetary Dialogue in the context of an evolving monetary policy. Communication is finally described as a …
Persistent link: https://www.econbiz.de/10011691556
central bank communication and the management of expectations referring to a practical institutional example, we also comment …) before the European Parliament (EP), in the context of an evolving monetary policy. Communication is finally described as a …
Persistent link: https://www.econbiz.de/10011644116
of monetary policy communication on financial markets. Using natural language processing tools, we construct measures of … linguistic and structural complexity that capture governor-specific trends in communication. We find that while RBI's monetary … policy communication is linguistically complex on average, the length of monetary policy statements has gone down and …
Persistent link: https://www.econbiz.de/10012008396
We examine howthe verbal complexity of ECB communications affectsfi-nancial market trading based on high-frequency data fromEuropean stock index futures trading. Studying the 34 events between May 2009 and June 2017, during which the ECB Governing Council press conferences covered unconventional...
Persistent link: https://www.econbiz.de/10012039675
This paper examines whether central bank communication stabilises euro area inflation expectations through the … visitors’ attention to its communication. We conduct several econometric tests with daily data to measure the impact of ECB … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that …
Persistent link: https://www.econbiz.de/10013227730