This paper discusses the evolution of central bank communication, focusing on recent efforts
by central banks to engage with a wider audience via social media. We document the social …

We use the text of financial stability reports (FSRs) published by central banks to analyze the
relation between the sentiment they convey and the financial cycle. We construct a …

Central Bank speeches usually function as aggregators of internal quantitative and
qualitative analysis of the institutions regarding the macro economy, the monetary policy and …

This paper tests whether the communication of the People's Bank of China affects market
expectations and matters as a monetary policy tool. For that purpose, we first rely on a …

We construct a new indicator to capture media sentiment about the European Central Bank
monetary policy and its relevant environment by analyzing 25,000 articles from five major …

The purpose of central bank minutes is to give an account of monetary policy meeting
discussions to outside observers, thereby enabling them to draw informed conclusions …

Using natural language processing techniques I create two measures of the monetary policy
tilt of the ECB, that outline the beliefs of the ECB on the current state of the economy and the …

Monetary policy affects private sector expectations through not only its actions, but also its
communication. In this paper, we adopt a novel approach to compare the impact of central …

In this paper, we sought to investigate the effect of communication by central banks on
consumer inflation expectations. To this end, we ran investigations into six European …

Effective central bank communication provides information that the public wants but does not
have. Using a new textual methodology to quantify the temporal information in central bank …