In this paper, we examine the relationship between market participants' perception of central bank predictability and … their assessment of central bank communication skills and success in conveying objectives as well as the importance of … respect to the performance of the Bank of England, the Bank of Japan, the European Central Bank, and the Federal Reserve. Our …

In this paper, we examine the relationship between market participants' perception of central bank predictability and … their assessment of central bank communication skills and success in conveying objectives as well as the importance of … respect to the performance of the Bank of England, the Bank of Japan, the European Central Bank, and the Federal Reserve. Our …

This paper argues that assuming a common information set shared by the public and the central bank may be inappropriate … when one is concerned with the value of information itself. Specifically, we argue that it may lead one to draw the … optimal discretionary monetary policy, where we allow for partial and diverse information. The model is used to show that …

of policy have recently been of greater importance: changes in the supply of bank reserves, changes in the assets … allow a role for the central bank’s balance sheet in equilibrium determination and then consider the connections between … the strict sense and targeted asset purchases by a central bank, arguing that, according to our model, while the former is …

This paper describes the response of three central banks to the 2007-09 financial crisis: the European Central Bank …, the Federal Reserve and the Bank of England. In particular, the paper discusses the design, implementation and impact of …

accountability of the ECB with some other central banks (Bank of Canada, Bank of Japan, Bank of England and the Federal Reserve … System). In the second part, we present a theory of central bank accountability. Two aspects of accountability are considered … vergleicht die gesetzlich festgelegte Rechenschaftspflicht der EZB mit der einiger anderer Zentralbanken (Bank of Canada, Bank of …

provides an overview of the ways in which central banks have been providing more information about their monetary policymaking …