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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
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10011911134
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10012897779
We construct a novel text dataset to measure the sentiment component of communications for 23 central banks over the 2002-2017 period. Our analysis yields three results. First, comovement in sentiment across central banks is not reducible to trade or financial flow exposures. Second, sentiment...
Persistent link: https://www.econbiz.de/10012857886
importance of formulating a communication strategy as part of the conduct of monetary policy and the challenges in implementing …
Persistent link: https://www.econbiz.de/10013055491
. Communication has become an effective auxiliary instrument of economic policy, and markets started paying precise attention to the … provide an overview of recent trends and developments in central bank communication strategies. By resorting to the existing … literature, we analyze the origins of central bank communication and the evolution of its role in time. We also study the main …
Persistent link: https://www.econbiz.de/10012923581
set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors …
Persistent link: https://www.econbiz.de/10011790688
accounts, communication about climate change has accelerated sharply in recent years. The breadth of topics covered is wide …
Persistent link: https://www.econbiz.de/10014237883
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10014361939
conditions are met, including the use of large volumes and that intervention is made public and supported via communication. …
Persistent link: https://www.econbiz.de/10011382669