projections are updated only quarterly and thus, may become stale when new information enters the market. We use data from New … interest rate uncertainty. Confirming the stabilizing effect of fresh central bank announcements, we show that interest rate … expectations deviate from the rate projected by the central bank. Counterfactual analysis suggests that the efficiency of …

We study how financial market participants process news from four major central banks - the Bank of England (BoE), the … Bank of Japan (BoJ), the European Central Bank (ECB), and the Federal Reserve (Fed), using a novel survey of 450 financial … learn about central bank events than on self-monitoring. In general, the Fed is watched most closely, followed by the ECB …

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

Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is …

information search patterns, of German citizens on trust in the ECB. We rely on a unique representative public opinion survey of …

on a growing body of related academic literature, this paper reviews the history and effectiveness of central bank …

participants interpreted the FOMC’s policy guidance as conveying important information about the Committee’s policy reaction …