Communication
Glenn Stevens sees limits to central bank communication
Central banks cannot communicate its response to ‘all possible future states of the world’
ESRB open to revising macro-prudential intermediate objectives
European Systemic Risk Board sees scope for ‘sharpening’ existing aims
New York Fed launches economy ‘snapshot’
New research publication uses charts and succinct summaries
BoE launches ‘Bank Underground’ research blog
Blog provides platform for researchers to voice more controversial ideas
Yellen argues Fed is among most transparent central banks
Fed chair Janet Yellen questions why additional legislation is necessary
Bank of Israel launches journalist briefings as part of transparency drive
Central bank begins quarterly briefings of journalists and adds new publications
BoE minutes help markets shape expectations, paper finds
Working paper finds markets make use of minutes when forming short-term expectations
Draghi defends ECB participation in private events
Insists Coeuré did not reveal market-sensitive information at event
Dutch paper says theory of forward guidance must catch up with practice
Economists argue so-called Odyssean communication ‘does not exist in practice’
Riksbank launches streamlined financial stability report
Report aims to send more focused message
New Zealand central bank facing 'paradox of transparency'
RBNZ-commissioned survey finds trade-off between transparency and certainty
Minneapolis Fed essay suggests new focus for FOMC comms
Minneapolis Fed staff rewrite January statement to illustrate point
Riksbank seeks greater clarity with redesigned monetary policy report
Shorter report aims to focus more on analysis and less on detailed data
Colombian paper considers reaction functions in payments
Working paper examines how different entities react to failures in payment system
Kalyalya: Bank of Zambia will revamp communications
New governor sets out economic challenges and opportunities
Visual interfaces ‘hold promise’ for policy-makers
Working paper presents macro-prudential data cube
ECB to publish unattributed ‘accounts’ of policy discussions
First accounts will detail discussion in crucial January 22 meeting
Policy discussion makes up between 5% and 70% of central bank minutes, study finds
Report finds great variation in scope and characteristics of minutes
Perceptions of monetary policy determine long-term bond yields, IMF paper finds
Rise in yields following Fed ‘taper talk' in 2013 due to monetary policy shock
Shift towards 'commercial' and 'political' central bank communication set to continue
Former ECB press chief says more direct communication also expected
The viability of a commercial approach to central bank communication
Is the trend towards commercial and political approaches sustainable?
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The challenges for central banks
Managing financial stability is nothing new for central banks
The evolving role of the Eurosystem and its national central banks
Anne Le Lorier on the challenges Eurosystem central banks have to address