Central banks' forecasts are important monetary policy inputs and tools for central bank
communication. We survey the literature on forecasting at the Federal Reserve, European …

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 …

We analyze the effect of monetary policy transparency on bilateral exchange rate volatility.
We test the theoretical predictions of a stylized model using panel data for 62 currencies …

Резюме В этом исследовании мы проверяем, как качество коммуникации и другие
информационные факторы влияют на предсказуемость решений Банка России по …

We estimate the ECB's monetary policy reaction function by using real time Eurosystem/ECB
staff macroeconomic projection data, which are presented to the ECB's Governing Council …

This paper summarises the findings of the Eurosystem's Expert Group on Inflation
Expectations (EGIE), which was one of the 13 work streams conducting analysis that fed into …

This paper provides original empirical evidence on the emerging practice by central banks
of communicating uncertainty in their inflation projections. We compare the effects of point …

This paper studies the macroeconomic effects of central bank forward guidance when
central bank credibility is endogenous. We take a stylized New Keynesian model with an …

We construct a 23-country panel data set to consider the effect of central bank projections
and forward guidance on private-sector forecast disagreement. We find that central bank …

Does a central bank influence inflation expectations through its publicized forecast? Does
such influence depend on how accurate the central bank's forecasts have been? Given the …