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Communication by central bank committee members : different strategies, same effectiveness?

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Communication and decision-making by central bank committees : different strategies, same effectiveness?

Ehrmann, Michael (contributor); … - 2005

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 …