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banks can improve communication with the public at a time when trust in public institutions has fallen, while the …
Persistent link: https://www.econbiz.de/10012898469
During the last decade, central bank communication and transparency became undisputable conditions of an effective … credibility through effective communication both in normal and exceptional situations remains part of the art of monetary policy …. Important challenges are posed to communication, in the context of conflicting pressures towards disclosure versus secrecy. The …
Persistent link: https://www.econbiz.de/10012764269
intensive central bank communication worsens the perceived impact. During the global financial crisis (GFC), this effect became …
Persistent link: https://www.econbiz.de/10012822449
Persistent link: https://www.econbiz.de/10012873067
Over the past twenty five years, central bank communications have undergone a major revolution. Central banks that previously shrouded themselves in mystery now embrace social media to get their message out to the widest audience. The Federal Reserve System has not always been at the forefront...
Persistent link: https://www.econbiz.de/10012968001
Central banks emphasize the use of communication as a tool of monetary policy. As central banks increasingly recognize … tailor their communication strategies for a broader audience. Most research focuses on central bank communication with … financial markets, but several recent strands of literature address aspects of communication with households. I survey the …
Persistent link: https://www.econbiz.de/10012969118
It is critical that central bankers have the ability to communicate their monetary policy goals and intentions involving employment and price stability to the public. The task is complicated in an economy that includes many firms and households in an era of information overload
Persistent link: https://www.econbiz.de/10012969217
Alyoam).EWMA results over thirteen yeas period show with no doubt that media coverage of CBJ communication in the three days … market returns react positively to a CBJ communication of T-Bills issuance. Such contradicting reaction to the news of T … news for the surrounding days. Crises dummy show irrelevance of communication during subsample of 2008. When allowing for …
Persistent link: https://www.econbiz.de/10012980075
We employ a two-stage empirical strategy to analyze the impact of macroeconomic news and central bank communication on … news and communication along with the estimated exchange rate misalignment on the exchange rate as well as its volatility …
Persistent link: https://www.econbiz.de/10013013692
We construct a novel text dataset to measure the sentiment component of communications for 23 central banks over the 2002-2017 period. Our analysis yields three results. First, comovement in sentiment across central banks is not reducible to trade or financial flow exposures. Second, sentiment...
Persistent link: https://www.econbiz.de/10012857886