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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 has become a vital part of modern monetary policy, and its importance is even higher during a crisis when … communication from individual central bank policymakers in the European Central Bank and the Federal Reserve during a period of very … of communication. …
Persistent link: https://www.econbiz.de/10013407483
Persistent link: https://www.econbiz.de/10009575446
Persistent link: https://www.econbiz.de/10010400131
Persistent link: https://www.econbiz.de/10011816962
While the literature has already widely documented the effects of macroeconomic news announcements on asset prices, as well as their asymmetric impact during good and bad times, we focus on the reaction to news based on the description of the state of the economy as painted by the Federal Open...
Persistent link: https://www.econbiz.de/10013309615
for coordination improves horizontal communication but worsens vertical communication. As a result, no matter how …This paper compares centralized and decentralized coordination when managers are privately informed and communicate … important coordination is, decentralization dominates centralization if the division managers are not too biased towards their …
Persistent link: https://www.econbiz.de/10014056693
economics literature has investigated select aspects of monetary policy communication, the literature in this area remains … disconnected from other relevant social science theories and techniques, most notably in political communication and media studies … different sectors to different types of communication events. I find that coverage of the Fed is less frequent than coverage of …
Persistent link: https://www.econbiz.de/10012983714
the effects different communication strategies have on financial markets. It is shown that the communication strategy of … shown that communication in the form of voting records has the greatest effect on market participants' near term policy … expectations. These results support findings of the empirical literature and have strong implications for the optimal communication …
Persistent link: https://www.econbiz.de/10012991250
by Board members. Nevertheless, media coverage of Fed president speeches is more likely if central bank communication is …
Persistent link: https://www.econbiz.de/10009751154