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framework and regime of communication as a second vital tool in its response to the financial crisis – and specifically in …'s communication policies and practices, we have the potential to gain insight into what should be properly understood to constitute … imposing – and commonly do impose – the Fed's systematic use of communication as an essential tool in the pursuit of its …
Persistent link: https://www.econbiz.de/10013000331
The causal effects of central bank communication on economic expectations and their underlying mechanisms are tested in … controlled laboratory experiments. We find that central bank communication has a stabilizing effect on individual and aggregate … outcomes, and the size of the effect varies with the type of communication. Announcing past interest rate changes has the …
Persistent link: https://www.econbiz.de/10012835263
In this paper we explore both theoretical and empirical evidence on communication with the general public. The model … doing so risks ultimately lowering welfare unless guided by the 3 E's of public communication: Explanation, Engagement and …
Persistent link: https://www.econbiz.de/10012843882
communication as easily interpretable topical themes and quantifies the proportion of news attention allocated to each theme at each …
Persistent link: https://www.econbiz.de/10012844077
Why do long-run interest rates respond to central bank communication? Whereas existing explanations imply a common set …-run rates and operate primarily through the term premium. This suggests communication plays an important role in shaping …
Persistent link: https://www.econbiz.de/10012844266
that communication plays a significant role in enhancing the accuracy when trying to estimate the bank's reaction function …
Persistent link: https://www.econbiz.de/10012952829
Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …
Persistent link: https://www.econbiz.de/10012962430
central banks' communication. Based on an innovative dataset consisting of a corpus of speeches by the members of the Board of … shows that the most salient issues in the Fed's communication are shaped by reputational concerns about policy reversals …
Persistent link: https://www.econbiz.de/10012908005
Why do long-run interest rates respond to central bank communication? Whereas existing explanations imply a common set …-run rates and operate primarily through the term premium. This suggests communication plays an important role in shaping …
Persistent link: https://www.econbiz.de/10012893948
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10012897779