In this paper, we study the influence of central bank transparency and informal central bank communication on the money … January 1999 to July 2007. We find, first, that both transparency and communication facilitate understanding upcoming interest … optimal design for central banks as (i) a very high degree of transparency, (ii) frequent communication on an informal basis …

that communication plays a significant role in enhancing the accuracy when trying to estimate the bank's reaction function. …

In this paper, we study whether central bank communication has a positive effect on market participants' perception of … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …

In this paper, we study whether central bank communication has a positive effect on market participants’ perception of … that central bank communication has a positive effect on how central banks are perceived and understood, as it enhances …

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 …

We examine the European Central Bank's ad-hoc communication and explore how it informs future monetary policy decisions …. Using the rich dataset of the intermeeting verbal communication among the members of the European Central Bank's Governing … Council between 2008 and 2014, we construct a measure of communication assessing its inclination towards easing, tightening or …

by Board members. Nevertheless, media coverage of Fed president speeches is more likely if central bank communication is …

This paper presents novel causal evidence on the relationship between various communication channels employed by … communication matters, holding the target message constant: Relative to a text transcript, audiovisual mediums (audio, photograph …

Central banks have intensified their communication with non-experts - an endeavour which some have argued is bound to … fail. This paper studies English and German Twitter traffic about the ECB to understand whether its communication is … received by non-experts and how it affects their views. It shows that Twitter traffic is responsive to ECB communication, also …