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 …

the effects different communication strategies have on financial markets. It is shown that the communication strategy of … shown that communication in the form of voting records has the greatest effect on market participants' near term policy … expectations. These results support findings of the empirical literature and have strong implications for the optimal communication …

for coordination improves horizontal communication but worsens vertical communication. As a result, no matter how …This paper compares centralized and decentralized coordination when managers are privately informed and communicate … important coordination is, decentralization dominates centralization if the division managers are not too biased towards their …

Central bank communication plays an important role in shaping market participants' expectations. This paper studies a … economic dynamics, resulting in welfare-reducing fluctuations. On the contrary, central bank communication of policy rules …

Central bank communication plays an important role in shaping market participants’ expectations. This paper studies a … economic dynamics, resulting in welfare-reducing fluctuations. On the contrary, central bank communication of policy rules …

talk about the economy? We propose a simple framework that allows us to estimate communication rules in the United States … based on text analysis with regularized regressions. We find strong evidence for systematic communication rules that vary …'s communication rule and use it to investigate how much of the disagreement between the market and the Fed come from disagreement …