Narrow search
Showing 1 - 10 of 22,841
Cover Image
How avoiding overreaction to public information? : some insights on central bank communication practices
Trabelsi, Emna - 2012
It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the precision of public information or withholding it. The latter seems to be unrealistic. Thus, the issue is not whether central bank should disclose or not its information, but...
Persistent link: https://www.econbiz.de/10011526649
Cover Image
Central Bank communication and monetary policy predictability under uncertain economic conditions
Lehtimäki, Jonne O.; Palmu, Marianne - In: Journal of central banking theory and practice 8 (2019) 2, pp. 3-32
their decisions to the public. This paper studies whether the communication of central banks can be used to explain upcoming … central bank communication during times of financial crisis. This is done by constructing an indicator to measure the … bank level during the financial crisis despite the rapid growth of economic uncertainty, and that communication can be a …
Persistent link: https://www.econbiz.de/10012016799
Cover Image
Central bank transparency and nonlinear learning dynamics
Eusepi, Stefano (contributor) - 2008
Central bank communication plays an important role in shaping market participants’ expectations. This paper studies a … economic dynamics, resulting in welfare-reducing fluctuations. On the contrary, central bank communication of policy rules …
Persistent link: https://www.econbiz.de/10003781685
Cover Image
CentralBankRoBERTa : A fine-tuned large language model for central bank communications
Pfeifer, Moritz; Marohl, Vincent P. - In: The Journal of finance and data science : JFDS 9 (2023), pp. 1-11
Central bank communications are an important tool for guiding the economy and fulfilling monetary policy goals. Natural language processing (NLP) algorithms have been used to analyze central bank communications. These outdated bag-of-words methods often ignore context and cannot distinguish who...
Persistent link: https://www.econbiz.de/10014513983
Cover Image
Optimal Public Communication
Gagliardone, Luca - 2022
results within the context of an application to central bank communication …
Persistent link: https://www.econbiz.de/10014082668
Cover Image
Central Banks' Macroeconomic Projections and Learning
Ferrero, Giuseppe - 2011
We study the impact of the publication of central banks' macroeconomic projections on the dynamic properties of an economy where (i) private agents have incomplete information and form their expectations using recursive learning algorithms; (ii) the short-term nominal interest rate is set as a...
Persistent link: https://www.econbiz.de/10013127620
Cover Image
State-Dependent Central Bank Communication with Heterogeneous Beliefs
Herbert, Sylverie - 2021
my framework to a central bank communication problem in which the policy maker communicates about aggregate conditions to …
Persistent link: https://www.econbiz.de/10013212539
Cover Image
Central Bank’s Macroeconomic Projections and Learning
Ferrero, Giuseppe - 2011
We study the impact of the publication of central bank's macroeconomic projections on the dynamic properties of an economy where: (i) private agents have incomplete information and form their expectations using recursive learning algorithms, (ii) the short-term nominal interest rate is set as a...
Persistent link: https://www.econbiz.de/10013131264
Cover Image
Does Communication Influence Executives’ Opinion of Central Bank Policy?
Hwang, In Do - 2020
intensive central bank communication worsens the perceived impact. During the global financial crisis (GFC), this effect became …
Persistent link: https://www.econbiz.de/10012822449
Cover Image
Central Bank Communication and Public Trust : The Case of ECB Speeches
Hwang, In Do; Lustenberger, Thomas; Rossi, Enzo - 2022
Does communication influence trust in the central bank? We examine this question using survey data covering 488 …,000 Eurozone citizens from 1999 to 2019. We find compelling evidence that more communication, as measured by the number of speeches …
Persistent link: https://www.econbiz.de/10014082140