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Central Bank communication and monetary policy predictability under uncertain economic conditions

Lehtimäki, Jonne O.; Palmu, Marianne - In: Journal of central banking theory and practice 8 (2019) 2, pp. 3-32

Modern central banks increasingly value monetary policy transparency, and attempt to build credibility by communicating their decisions to the public. This paper studies whether the communication of central banks can be used to explain upcoming changes in their most important monetary policy...

Persistent link: https://www.econbiz.de/10012016799

Central bank transparency and exchange rate volatility effects on inflation-output volatility

Papadamou, Stephanos; Sidiropoulos, Moïse; … - In: Economics and Business Letters : EBL 5 (2016) 4, pp. 125-133

Persistent link: https://www.econbiz.de/10011715915

CentralBankRoBERTa : A fine-tuned large language model for central bank communications

Pfeifer, Moritz; Marohl, Vincent P. - In: The Journal of finance and data science : JFDS 9 (2023), pp. 1-11

Central bank communications are an important tool for guiding the economy and fulfilling monetary policy goals. Natural language processing (NLP) algorithms have been used to analyze central bank communications. These outdated bag-of-words methods often ignore context and cannot distinguish who...

Persistent link: https://www.econbiz.de/10014513983

Transparenz und Forward Guidance : Stimulierung der Volkswirtschaft in der Eurozone?

Belke, Ansgar - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014) 6, pp. 410-415

. Tatsächlich wird die Geldpolitik der EZB durch die neuen Kommunikationsinstrumente berechenbarer und kann entsprechend leichter …

Persistent link: https://www.econbiz.de/10010370748

EZB: mehr Transparenz wagen

Weber, Christoph S. - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 92 (2012) 12, pp. 827-832

Die Europäische Zentralbank ist eine Institution, die nicht direkt demokratisch legitimiert ist. Dies wird insbesondere …

Persistent link: https://www.econbiz.de/10009682579

Do financial markets allow the independence of central banks?

Miró, Damià Rey; Piffaut, Pedro; Zurdo, Ricardo Palomo - In: Journal of central banking theory and practice 13 (2024) 1, pp. 5-26

The research work presented below addresses the possible concern of central bank independence through the development and application of econometric models. The complexity of the modelling has allowed a step further in corroborating that financial independence is not only linked to the...

Persistent link: https://www.econbiz.de/10014496228

Inflation, perception of economic uncertainty and COVID-19 : evidence from Central Bank communication

Silva, Pierre Hítalo Nascimento; Araujo, Jevuks Matheus de - In: Central Bank review / Central Bank of the Republic of Turkey 23 (2023) 1, pp. 1-13

need to correct the estimation of indicators of economic uncertainty. The indicators were constructed from textual data … Pandemic) in its word list. Initial results show that there is a significant effect of COVID-19 on the estimation of the … extreme events. Moreover, failing to take conjunctural issues into account throughout the estimation process can result in …

Persistent link: https://www.econbiz.de/10014281527

Who should you listen to in a crisis? : differences in communication of central bank policymakers

Lehtimäki, Jonne; Palmu, Marianne - In: Journal of central banking theory and practice 11 (2022) 3, pp. 33-57

Communication has become a vital part of modern monetary policy, and its importance is even higher during a crisis when a central bank has to calm the markets down. This paper studies the information content of different styles of communication from individual central bank policymakers in the...

Persistent link: https://www.econbiz.de/10013407483

Analysis of the transparency index of the Central Banks of the Western Balkan countries

Gojčaj, Vera - In: Journal of central banking theory and practice 13 (2024) 2, pp. 109-128

Transparency in the work of central banks has become one of the key features of monetary policy. Because of this, many economists have diverted to finding the most suitable way to measure it. Although a unique method of measurement has yet to be achieved, there are various studies in the...

Persistent link: https://www.econbiz.de/10014581558

A text mining analysis of central bank monetary policy communication in Nigeria

Tumala, Mohammed M.; Omotosho, Babatunde S. - In: CBN journal of applied statistics 10 (2019) 2, pp. 73-107

This paper employs text-mining techniques to analyse the communication strategy of the Central Bank of Nigeria (CBN) during the period 2004-2019. Since the policy communique released after each meeting of the CBN’s monetary policy committee (MPC) represents an important tool of central bank...

Persistent link: https://www.econbiz.de/10012178168

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