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In this paper we explore both theoretical and empirical evidence on communication with the general public. The model … doing so risks ultimately lowering welfare unless guided by the 3 E's of public communication: Explanation, Engagement and …
Persistent link: https://www.econbiz.de/10012843882
communication as easily interpretable topical themes and quantifies the proportion of news attention allocated to each theme at each …
Persistent link: https://www.econbiz.de/10012844077
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 …
Persistent link: https://www.econbiz.de/10012844266
that communication plays a significant role in enhancing the accuracy when trying to estimate the bank's reaction function …
Persistent link: https://www.econbiz.de/10012952829
Press releases announcing and explaining monetary policy decisions play a critical role in the communication strategy …
Persistent link: https://www.econbiz.de/10012962430
central banks' communication. Based on an innovative dataset consisting of a corpus of speeches by the members of the Board of … shows that the most salient issues in the Fed's communication are shaped by reputational concerns about policy reversals …
Persistent link: https://www.econbiz.de/10012908005
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 …
Persistent link: https://www.econbiz.de/10012893948
central banks. Overall, our results suggest that central bank communication contains systematic biases that could lead to …
Persistent link: https://www.econbiz.de/10012897779
During the last decade, central bank communication and transparency became undisputable conditions of an effective … credibility through effective communication both in normal and exceptional situations remains part of the art of monetary policy …. Important challenges are posed to communication, in the context of conflicting pressures towards disclosure versus secrecy. The …
Persistent link: https://www.econbiz.de/10012764269
Over the past twenty five years, central bank communications have undergone a major revolution. Central banks that previously shrouded themselves in mystery now embrace social media to get their message out to the widest audience. The Federal Reserve System has not always been at the forefront...
Persistent link: https://www.econbiz.de/10012968001