financial market volatility after FOMC meetings. Finally, Fed communication may exert an influence on forecast accuracy. …The paper shows that there is a substantial degree of heterogeneity in forecast accuracy among Fed watchers. Based on a … novel database for 268 professional forecasters since 1999, the average forecast error of FOMC decisions varies 5 to 10 …

influencing such heterogeneity as Fed communication is found to affect forecast accuracy significantly. …The paper shows that there is a substantial degree of heterogeneity in the ability of Fed watchers to forecast US … FOMC decisions varies 5 to 10 basis points between the best and worstperformers across the sample. This heterogeneity is …

In this paper, I examine whether communications by the Federal Open Market Committee (FOMC) play a role in determining … intensity with which FOMC statements and meeting minutes discussed labor relative to other topics. I find that these labor topic …

This paper discusses the evolution of central bank communication, focusing on recent efforts by central banks to engage … analyzing Twitter content by and about monetary policy makers can inform about the effectiveness of communication in influencing … communication affects expectations and, subsequently, behavior in financial markets …

decision-makers, and that attributed communication can mitigate some of their effects. …

central bank communication and the management of expectations referring to a practical institutional example, we also comment …) before the European Parliament (EP), in the context of an evolving monetary policy. Communication is finally described as a …

of monetary policy communication on financial markets. Using natural language processing tools, we construct measures of … linguistic and structural complexity that capture governor-specific trends in communication. We find that while RBI's monetary … policy communication is linguistically complex on average, the length of monetary policy statements has gone down and …