Communication
Williams says Fed policy is almost normal
In achieving Fed’s mandate, “this is about as good as it gets”, New York Fed president says
Williams softens stance on neutral rate
“At times r-star has actually gotten too much attention”, says New York Fed president
Uncertainty over monetary policy is ‘recessionary’, researchers say
Forward guidance reduces uncertainty and supports the economy, paper finds
Haldane: ‘superforecasters’ could help central banks
Non-experts could help solve difficult problems for central banks, says Andy Haldane
ECB should enhance forward guidance during normalisation – Cœuré
Executive board member thinks changing economic phase and QE unwinding require more communication
BoE study finds ‘relatable’ communications boost trust and understanding
Communications that are relatable to people’s lives work best, behavioural experiment finds
Published rate path has similar effect to other communication – BIS study
Communication is important, but the “exact form” less so, according to research
Peru central bank clashes with IMF over communication
Central bank says it has no plans to modify communication given success of guidance
Communication strategies too weak to ‘pierce veil of inattention’ – research
Survey evidence is too poor and central bank communication too ineffectual at present, say economists
Extra inflation forecasts will boost transparency – Mexico’s Guzmán
Mexican deputy highlights importance of transparency in uncertain economic environment
IMF paper praises Chilean central bank’s forward guidance
Central bank’s monetary policy predictability and efficacy was “quite high”
Abandoning forward guidance has helped market communication – Poloz
Governor underscores the importance of language
Bank of Jamaica’s Wynter on the path to inflation targeting
Brian Wynter speaks about revamping Jamaica’s policy toolkits
Carstens pushes for greater transparency from BIS
New general manager says greater transparency will improve dialogue with central banks
Bank of Canada to publish more ‘up-to-date’ analysis of stability risks – Wilkins
Central bank will reduce frequency of FSR, deputy governor says
Latin American central banks should improve communication strategies – IMF
Blog post suggests longer, more detailed, policy communication is not always better
BoE MPC split on publishing rate forecasts
Jan Vlieghe argues current system is “unnecessarily complex”, but Carney is sceptical
BoE’s Broadbent apologises for ‘menopausal’ remark
Deputy made the remark while trying to explain the word ‘climacteric’ to a newspaper
IMF recommends improved central bank communication in Latin America
Clearer policies and increased transparency could help to deal with future shocks
Bank of Mexico to be more transparent on monetary policy
Central bank will publish meeting transcript with a three-year lag
Bank of England unveils new education initiative
The “econoME” programme seeks to bring basic economics into UK classrooms
BoE faces ‘uncomfortable’ approach to May meeting – Forbes
Former MPC member says pre-announcing a rate hike “could be quite dangerous”
Costa Rica’s upgraded website employs new data management tools
New design layout is responsive for mobile devices
Central banks should personalise communications – BoE’s Haldane
Explaining how monetary policy affects the lives of everyday people could help bridge trust gap