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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
) communication on asset prices (stock prices, gilt yields and interest rate futures) from 1999-2023. We extend MPC communication to … communication leads to greater asset price volatility than simple and clear communication. Central banks that want to avoid … monetary policy communication, the previous literature has disregarded an important source of variation in asset prices. …
Persistent link: https://www.econbiz.de/10014314314
) communication on asset prices (stock prices, gilt yields and interest rate futures) from 1999-2023. We extend MPC communication to … communication leads to greater asset price volatility than simple and clear communication. Central banks that want to avoid … monetary policy communication, the previous literature has disregarded an important source of variation in asset prices …
Persistent link: https://www.econbiz.de/10014349401
In this paper, we study the influence of central bank transparency and informal central bank communication on the …
Persistent link: https://www.econbiz.de/10013115559
Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …
Persistent link: https://www.econbiz.de/10012962430
Central banks emphasize the use of communication as a tool of monetary policy. As central banks increasingly recognize … tailor their communication strategies for a broader audience. Most research focuses on central bank communication with … financial markets, but several recent strands of literature address aspects of communication with households. I survey the …
Persistent link: https://www.econbiz.de/10012969118
In this paper we analyze whether central bank communication can facilitate the understanding of key economic concepts … Fisher Equation, the Taylor rule and the Phillips curve and test, by accounting for three different communication channels … equation, followed by the Taylor rule and the Phillips curve. We show that having theory-consistent expectations is beneficial …
Persistent link: https://www.econbiz.de/10013021981
Monetary policy communication is particularly important during unconventional times, because high uncertainty about the … predictability of policy actions. We study how monetary policy communication should and has worked under such circumstances. Our main …
Persistent link: https://www.econbiz.de/10011755761
In this paper, I examine whether communications by the Federal Open Market Committee (FOMC) play a role in determining the types of macroeconomic news that financial markets pay attention to. To do so, I construct novel measures of the intensity with which FOMC statements and meeting minutes...
Persistent link: https://www.econbiz.de/10011764553
Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …
Persistent link: https://www.econbiz.de/10011637411