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The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central … Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking … process in the committee. The paper shows that the Federal Reserve has been pursuing a rather individualistic communication …
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Reserve (Fed) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to explain and … communication indicators in explaining Canadian interest rate decisions …
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