Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - National Bureau of Economic Research (NBER) - 2008
Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real-world … developments have spawned a huge new scholarly literature on central bank communication -- mostly empirical, and almost all of it … and powerful part of the central bank's toolkit since it has the ability to move financial markets, to enhance the …