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This paper analyzes European financial markets' comprehension and interpretation of ECB communication signals. By …, we find that communication affects the term structure of interest rates in the medium run over a horizon between five …
Persistent link: https://www.econbiz.de/10014058492
. This article surveys a rapidly-growing literature on central bank communication with the public. We first discuss why and … how such communication is more challenging than communicating with expert audiences. Then we survey the empirical evidence …
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Alyoam).EWMA results over thirteen yeas period show with no doubt that media coverage of CBJ communication in the three days … market returns react positively to a CBJ communication of T-Bills issuance. Such contradicting reaction to the news of T … news for the surrounding days. Crises dummy show irrelevance of communication during subsample of 2008. When allowing for …
Persistent link: https://www.econbiz.de/10012980075
A central bank's ability to measure the impact of its communications is nothing less than challenging. This is for several reasons: (i) the general public is a vastly broad audience with varying degrees of knowledge of, interest in and engagement with economics and central banking; (ii) some...
Persistent link: https://www.econbiz.de/10012584290
Chapter 1. Public Communication of Central Banks. Theoretical Perspectives -- Chapter 2. Framing Theory -- Chapter 3 …. Research Design and Elements -- Chapter 4. NBR Representatives About the Change of Public Communication After 2008 -- Chapter 5 …. Public Perception of the NBR Communication After 2008 -- Chapter 6. Framing the Giving in Payment Law by Online Media (2016 …
Persistent link: https://www.econbiz.de/10013258648
Central banks around the world have a reputation for being secretive about their operations and market assessments. It is sometimes argued that central banks need flexibility and therefore cannot be fully transparent. We find that this explanation does not carry through in a forward-looking New...
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