This study examines the changing nature of ECB communication and how it impacts euro area financial markets over the … crisis and, later on, to policy instruments. Sentiment analysis showed a trend of a more negative communication tone during …

towards assessing qualitatively central banks’ transparency, with respect to a flagship communication tool of inflation …

This paper presents novel causal evidence on the relationship between various communication channels employed by … communication matters, holding the target message constant: Relative to a text transcript, audiovisual mediums (audio, photograph …