communication about future interest rate decisions based on information from the Internet and news sources. We apply the methodology … announcements, whereas longer-dated Treasuries mainly react to changes in policy communication. Using lower frequency data, we find …, we find communication to be a more important determinant of Treasury rates than contemporaneous policy rate decisions …

While it has become clear that communication is a monetary policy tool for central banks, and extensive research has … been conducted on central bank communication with financial markets, little is known so far on central bank communication … European Central Bank (ECB) and on understanding of its communication about the Pandemic Emergency Purchase Programme, which …

bank should disclose or not its information, but how the central bank should disclose it. We consider a static coordination …

effects, whereas the notion of 'tight enough' remains invariant. In this sense, efficient communication requires effective …

their decisions to the public. This paper studies whether the communication of central banks can be used to explain upcoming … central bank communication during times of financial crisis. This is done by constructing an indicator to measure the … bank level during the financial crisis despite the rapid growth of economic uncertainty, and that communication can be a …

Communication has become a vital part of modern monetary policy, and its importance is even higher during a crisis when … communication from individual central bank policymakers in the European Central Bank and the Federal Reserve during a period of very … of communication. …