More communication may hamper monetary policy, paper says

The Swiss National Bank
The Swiss National Bank

Central banks that communicate frequently or have more members on their monetary policy committees risk conveying a “cacophony” of messages and causing macroeconomic forecast errors, a paper published by the Swiss National Bank finds.

Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts? by Thomas Lustenberger and Enzo Rossi researches the effects communication has on policy transmission.

The authors rely for their analysis on a large sample of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.