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Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking …
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the diversity of views on the economic outlook that enhance the effectiveness of central bank communication. …
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FOMC decisions as well as the future policy path. Second, the effectiveness of communication is found to depend on the …
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Despite substantial differences in monetary policy and communication strategies, many central banks share the practice of purdah, a self-imposed guideline of abstaining from communication around policy meetings or other important events. This practice is remarkable, as it seems to contradict the...
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