. This article surveys a rapidly-growing literature on central bank communication with the public. We first discuss why and … how such communication is more challenging than communicating with expert audiences. Then we survey the empirical evidence …

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 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 …

The study explores how central bank communication affects the movement of exchange rates. The paper constructs … central bank communication into a variety of topics. The results indicate that EUR-USD responds most strongly to topics of …

Central bank communication plays a crucial role in the conduct of monetary policy, yet the research on central bank … communication, while growing, is still scarce. In this paper, we analyze the communication reaction function of the European Central … policy and communication reaction function models, as suggested by recent literature. The topics are extracted using Latent …

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

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 …

This paper discusses the evolution of central bank communication, focusing on recent efforts by central banks to engage … analyzing Twitter content by and about monetary policy makers can inform about the effectiveness of communication in influencing … communication affects expectations and, subsequently, behavior in financial markets …