Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …

This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of … for the three major communication channels of the CBC: the release of policy meetings' statements, minutes, and monetary … monetary policy surprises associated with meeting statements and the impact of the above communication channels on asset …

In this paper, we analyze whether central bank communication can be an additional tool to provide guidance on monetary … prices down (up). Overall, our analysis suggests that communication may be a complementary and effective monetary policy tool …

This paper investigates the financial market effects of the ECB's communication on the Pandemic Emergency Purchase … Programme (PEPP). Using data for 10 euro area countries, we first analyse the impact of different communication channels such as … whether spreads react differently to communication by specific ECB Executive Board members. Markets turn out to be sensitive …

In this paper we analyze whether central bank communication can facilitate the understanding of key economic concepts … Fisher Equation, the Taylor rule and the Phillips curve and test, by accounting for three different communication channels … equation, followed by the Taylor rule and the Phillips curve. We show that having theory-consistent expectations is beneficial …

Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real …-world developments have spawned a huge new scholarly literature on central bank communication —mostly empirical, and almost all of it … written in this decade. We survey this evergrowing literature. The evidence suggests that communication can be an important …