We study the evolution of the European Central Bank's (ECB) monetary policy since July 2021, following the adoption of a new strategy and amid a period of volatile inflation. Utilizing text analysis, we assess changes in the general sentiment of the ECB's communication. Additionally, we employ...

Different economic agents might respond differently to the same policy action. Information about household and firm heterogeneity can, therefore, enhance central banks' understanding of monetary policy transmission and ultimately its effectiveness. Cross-sectional data can also help central...

In this paper, we propose a new set of indicators of Central Bank's communication to estimate speech intensity in five different macroeconomic fields: monetary conditions, financial stability, external competitiveness, labour and social conditions and economic activity. In addition, we also...

In der politischen Debatte über Klimapolitik ist ein Argument allgegenwärtig: Wenn Bürger:innen nur besser informiert wären, dann würden sie auch zustimmen. Widerstände gegen Gesetzesvorhaben wie das deutsche Gebäudeenergiegesetz (GEG) gelten häufig als Folge mangelnder Kommunikation -...