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22,204
Central Bank Communication and Expectations
, 2007
"... This paper analyzes the value of communication in the implementation of monetary policy. The central bank is uncertain about the current state of the economy. Households and …rms do not have a complete economic model of the determination of aggregate variables, including nominal interest rates, and ..."
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Cited by 1 (0 self)
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This paper analyzes the value of communication in the implementation of monetary policy. The central bank is uncertain about the current state of the economy. Households and …rms do not have a complete economic model of the determination of aggregate variables, including nominal interest rates
and Central Bank Communication
, 2010
"... The views expressed herein are those of the author and do not necessarily reflect the official views of the Bank of Korea. When reporting or citing it, the author’s name should always be stated explicitly. ..."
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The views expressed herein are those of the author and do not necessarily reflect the official views of the Bank of Korea. When reporting or citing it, the author’s name should always be stated explicitly.
Central bank communication and expectations stabilization
- American Economic Association
, 2010
"... This paper analyzes the value of communication in the implementation of monetary policy. The central bank is uncertain about the current state of the economy. House-holds and
rms are uncertain about the statistical properties of aggregate variables, including nominal interest rates, and must learn ..."
Abstract
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Cited by 8 (3 self)
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This paper analyzes the value of communication in the implementation of monetary policy. The central bank is uncertain about the current state of the economy. House-holds and
rms are uncertain about the statistical properties of aggregate variables, including nominal interest rates, and must learn
Central Bank Communication and Multiple Equilibria
- International Journal of Central Banking
"... In this paper, we construct a simple model for communication between a central bank and money-market traders. It is demonstrated that there are multiple equilibria. In one equilibrium, traders truthfully reveal their own information, and by learning this, the central bank can make better forecasts. ..."
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Cited by 2 (0 self)
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In this paper, we construct a simple model for communication between a central bank and money-market traders. It is demonstrated that there are multiple equilibria. In one equilibrium, traders truthfully reveal their own information, and by learning this, the central bank can make better forecasts
CENTRAL BANK COMMUNICATION ON FISCAL POLICY
, 1477
"... NOTE: This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB. Acknowledgements We are grateful to P. Koerbitz for providing a PERL algorithm that eased constr ..."
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Cited by 1 (0 self)
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construction of the fiscal communication indicator. Moreover, comments by M. Ehrmann, P. Jonasson, J. Marin, as well as an anonymous referee are gratefully acknowledged. The views expressed in this paper are the ones of the authors and do not necessarily represent those of the European Central Bank (ECB).
Central Bank Communication and the Financial Markets
, 2008
"... Central banks, which used to be so secretive, are communicating more and more these days about their monetary policy. This development has proceeded hand in glove with a burgeoning new scholarly literature on the subject. The empirical evidence, reviewed selectively here, suggests that communication ..."
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Central banks, which used to be so secretive, are communicating more and more these days about their monetary policy. This development has proceeded hand in glove with a burgeoning new scholarly literature on the subject. The empirical evidence, reviewed selectively here, suggests
THE TIMING OF CENTRAL BANK COMMUNICATION 1
, 2005
"... In 2005 all ECB publications will feature a motif taken from the €50 banknote. This paper can be downloaded without charge from ..."
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In 2005 all ECB publications will feature a motif taken from the €50 banknote. This paper can be downloaded without charge from
Imperfect Central Bank Communication: Information versus Distraction
, 2007
"... This paper considers the potential bene
ts and limitations of central bank commu-nications in a model of imperfect knowledge and learning. Much of the information communicated by central banks is noisy or imperfect. Interpreted correctly, such information can inform and improve private-sector decisi ..."
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This paper considers the potential bene
ts and limitations of central bank commu-nications in a model of imperfect knowledge and learning. Much of the information communicated by central banks is noisy or imperfect. Interpreted correctly, such information can inform and improve private
Central bank communication: different strategies, same effectiveness
- ECB Working Paper
, 2005
"... The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. Based on the content, timing and consistency of statements by the policy committees and its individual members as well as the voting behaviour, we argue ..."
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Cited by 7 (0 self)
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The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. Based on the content, timing and consistency of statements by the policy committees and its individual members as well as the voting behaviour, we argue
Results 1 - 10
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22,204
