set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors …

% of consumers form theory-consistent expectations with respect to all three concepts. For the Taylor Rule and the Phillips …. Evaluating determinants of consistency, we provide evidence that the likelihood of having theory-consistent expectations with …, consistency with respect to all three concepts is affected by changes in the communication policy of the Fed, where the strongest …

% consistent with the Taylor rule and 34% are in line with the Phillips curve. However, only 6% of consumers form theory … higher than 2%. Moreover, consistency with respect to all three concepts is affected by changes in the communication policy … target. Finally, consumers with theory-consistent expectations have lower absolute ination forecast errors and are closer to …

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 …

conditions are met, including the use of large volumes and that intervention is made public and supported via communication. …

met, including the use of large volumes and that intervention is made public and supported via communication. …