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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...