examine whether this form of ECB communication adds information to a shadow interest rate that summarises the overall policy … stance as interpreted by financial markets. To measure communication, we use information based on ECB press releases … distinguishing between topics like inflation, the real economy and monetary developments. We also look at the effect of communication …

of monetary policy communication on financial markets. Using natural language processing tools, we construct measures of … linguistic and structural complexity that capture governor-specific trends in communication. We find that while RBI's monetary … policy communication is linguistically complex on average, the length of monetary policy statements has gone down and …

Monetary policy communication is particularly important during unconventional times, because high uncertainty about the … predictability of policy actions. We study how monetary policy communication should and has worked under such circumstances. Our main …

This paper employs text-mining techniques to analyse the communication strategy of the Central Bank of Nigeria (CBN … (MPC) represents an important tool of central bank communication, we construct a corpus based on 87 policy communiques with … readability, sentiments, and topics of the policy documents. While the CBN’s communication has increased substantially over the …

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

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 …