Central bank communication about financial stability causally affects individuals' beliefs and
risk-taking behavior, consistent with an expectations channel of financial stability …

Central bank analyses and external communication play an important role in maintaining its
credibility, as well as effectiveness of monetary and macroprudential policies. A financial …

We investigate how central banks' governance frameworks influence their financial stability
communication strategies and assess the effectiveness of these strategies in preventing a …

We construct a new dataset of macroprudential policy announcements for the United
Kingdom and estimate their effect on systemic risk, using a high-frequency identification …

Is excessive risk-taking in credit cycles driven by incentives or biased beliefs? I propose a
framework suggesting that the two are actually related and, specifically, that procyclical …

The chapter analyses the role of transparency as a mechanism of accountability of the FPC.
It provides a theoretical framework on central bank transparency and discusses the major …

This paper examines the Bank of England's (BoE) communication on financial stability
between 2013 and 2018. We apply an event study to determine the communication effect on …

Essays on the Transmission of Monetary and Macroprudential Policies Page 1 Essays on the
Transmission of Monetary and Macroprudential Policies Alba Patozi Faculty of Economics …

We construct a sentiment-based index of global financial stress (s-GFS index) for the period
January 2004-December 2020. It builds on a novel methodological approach, which …

Central bank communication is considered a useful tool through which monetary authorities
keep the public informed about its current and future intentions regarding monetary policy …