This paper examines the importance of central bank communication in ensuring the effectiveness of monetary policy and … communication has become a monetary policy tool in itself; one example of this being forward guidance, given its impact on inflation … expectations, economic behaviour and inflation. The paper explains why and how consistent, clear and effective communication to …

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 …

, which sought their views on monetary policy communication practices, the related challenges and the road ahead. Pronounced … view enhancing credibility and trust as the most important objective of central bank communication. They judge … communication with financial markets and experts as extremely important and adequate, but see substantial room for improvement in …

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 …

decision-makers, and that attributed communication can mitigate some of their effects. …

muros. In addition, when the meeting takes place extra muros, the wording of the ECB communication during the press …

We examine whether artificial intelligence (AI) can decipher European Central Bank's communication. Employing 1769 … inter-meeting verbal communication events of the European Central Bank's Governing Council members, we construct an AI …-based indicator evaluating whether communication is leaning towards easing, tightening or maintaining the monetary policy stance. We …

show that communication outside of ECB regular monetary policy meeting days has a significant effect on daily movements in … policy decision. Our results suggest that communication outside of regular meeting days contain a monetary policy signal and …, thus, highlight the importance of this communication when studying the effects of monetary policy …

This paper investigates the impact of ECB communication of its assessment of the economic outlook on ex-ante inflation … uncertainty and sheds light on how central bank information shocks operate. The paper finds that ECB communication of new outlook … they are also useful for policymakers to define a communication strategy that attenuates ex-ante inflation uncertainty in …