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We examine the effects of the Czech National Bank communication, macroeconomic news and interest rate differential on … central bank communication has a calming effect on exchange rate volatility. The timing of central bank communication seems to … matter, too, as financial markets respond more to the communication before the policy meetings than after them. Next …
Persistent link: https://www.econbiz.de/10014202650
On the basis of a unique database of policy makers' comments, we find that central bank communication does influence … that central bank communication affects the predictability of monetary policy decisions …
Persistent link: https://www.econbiz.de/10014216376
Does communication influence trust in the central bank? We examine this question using survey data covering 488 …,000 Eurozone citizens from 1999 to 2019. We find compelling evidence that more communication, as measured by the number of speeches …
Persistent link: https://www.econbiz.de/10014082140
(online), and well after (online and in-person). Baseline LtFEs with no communication are robust to both factors. However … decreased appetite for and tolerance of overly precise communication while increasing the efficacy of projections that also …
Persistent link: https://www.econbiz.de/10014082976
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10014361939
This paper investigates the characteristics of central bank websites across a large sample of central banks. We systematically derive and quantify these characteristics across three dimensions: text, visual presentation, and website performance. We then conduct a survey to isolate the main...
Persistent link: https://www.econbiz.de/10014349276
of central bank communication has increased over time. Employing readability measures as proxy variables, we find that …
Persistent link: https://www.econbiz.de/10014472794
This paper surveys the literature on the role and effects of central bank communication with the general public … "communication revolution" in central bank communication. The challenges for central bank communication with the public are outlined … evaluate the effects of direct communication, distinguishing between challenges to getting the attention of the public and …
Persistent link: https://www.econbiz.de/10014416131
In recent years, central bank communication played an important role in monetary policy operations. In this paper …
Persistent link: https://www.econbiz.de/10013028337
This paper examines whether central bank communication stabilises euro area inflation expectations through the … visitors’ attention to its communication. We conduct several econometric tests with daily data to measure the impact of ECB … communication on the information demand of the public and ultimately on inflation expectations. Overall, this study shows that …
Persistent link: https://www.econbiz.de/10013227730