Acosta, Miguel FOMC responses to calls for transparency. 2015 Finance Econ. Discussion Series. 2015-2060
Algaba, Andres ; Ardia, David ; Bluteau, Keven ; Borms, Samuel ; Boudt, Kris Econometrics meets sentiment: an overview of methodology and applications. 2020 J. Econ. Surveys. 34 512-547
- Andrade, Philippe ; Ferroni, Filippo Delphic and Odyssean monetary policy shocks: evidence from the euro-area. 2020 J. Monetary Econ.. -
Paper not yet in RePEc: Add citation now
Apel, Mikael ; Blix-Grimaldi, Marianna How informative are central bank minutes?. 2014 Rev. Econ.. 65 53-76
Ardia, David ; Bluteau, Keven ; Boudt, Kris Questioning the news about economic growth: sparse forecasting using thousands of news-based sentiment values. 2019 Int. J. Forecasting. 35 1370-1386
Baeriswyl, Romain ; Cornand, Camille The signaling role of policy actions. 2010 J. Monetary Econ.. 57 682-695
Baker, Scott ; Bloom, Nicholas ; Davis, Steven Measuring economic policy uncertainty. 2016 Q. J. Econ.. 131 1593-1636
Barakchian, Mahdi ; Crowe, Christopher Monetary policy matters: evidence from new shocks data. 2013 J. Monetary Econ.. 60 950-966
Belden, Susan Policy preferences of FOMC members as revealed by dissenting votes. 1989 J. Money, Credit Banking. 21 432-441
Ben Zeev, Nadav ; Gunn, Christopher ; Khan, Hashmat Monetary News Shocks. 2020 J. Money, Credit Banking. 52 1793-1820
Bernanke, Ben ; Blinder, Alan The Federal Funds Rate and the channels of monetary transmission. 1992 Am. Econ. Rev.. 82 901-921
Bernanke, Ben ; Boivin, Jean ; Eliasz, Piotr Measuring the effects of monetary policy: a factor-augmented vector autoregressive (FAVAR) approach. 2005 Q. J. Econ.. 120 387-422
Bernanke, Ben ; Mihov, Ilian Measuring monetary policy. 1998 Q. J. Econ.. 113 869-902
- Blei, David ; Ng, Andrew ; Jordan, Michael Latent dirichlet allocation. 2003 J. Machine Learn. Res.. 3 993-1022
Paper not yet in RePEc: Add citation now
Blinder, Alan ; Ehrmann, Michael ; Fratzscher, Marcel ; De Haan, Jakob ; Jansen, David-Jan Central bank communication and monetary policy: a survey of theory and evidence. 2008 J. Econ. Lit.. 46 910-945
- Blinder, Alan ; Goodhart, Charles ; Hildebrand, Philipp ; Lipton, David ; Wyplosz, Charles How do central banks talk?. 2001 Geneva Reports on the World Economy. 3 -
Paper not yet in RePEc: Add citation now
- Callan, Eoin Fed keeps US rates on hold. 2007 :
Paper not yet in RePEc: Add citation now
Campbell, Jeffrey ; Evans, Charles ; Fisher, Jonas ; Justiniano, Alejandro Macroeconomic effects of federal reserve forward guidance. 2012 Spring:
Cannon, San Sentiment of the FOMC: unscripted. 2015 Federal Reserve Bank of Kansas City Econo. Rev. (Fourth Quarter). -
Christensen, Jens ; Rudebusch, Glenn The Response of Interest Rates to US and UK Quantitative Easing. 2012 Econ. J.. 122 F385-F414
Cieslak, Anna ; Schrimpf, Andreas Non-monetary news in central bank communication. 2019 J. Int. Econ.. 118 293-315
- Cieslak, Anna, Semyon Malamud and Andreas Schrimpf (2020). “Policy announcement design”, Swiss Finance Institute Research Paper, No. 20-17.
Paper not yet in RePEc: Add citation now
Cochrane, John, and Monika Piazzesi (2002). “The Fed and interest rates: A high-frequency identification”, NBER Working Paper, No. 8839.
Cook, Timothy ; Hahn, Thomas The effect of changes in the federal funds rate target on market interest rates in the 1970s. 1989 J. Monetary Econ.. 24 331-351
- Correa, Ricardo ; Garud, Keshav ; Londono, Juan ; Mislang, Nathan Sentiment in Central Banks’ financial stability reports. 2020 Rev. Finance. -
Paper not yet in RePEc: Add citation now
Dincer, Nergiz ; Eichengreen, Barry Central bank transparency and independence: updates and new measures. 2014 Int. J. Central Banking. 10 189-259
Ehrmann, Michael ; Fratzscher, Marcel Communication by central bank committee members: Different strategies, same effectiveness. 2007 J. Money Credit Banking. 39 509-541
Ehrmann, Michael ; Talmi, Jonathan Starting from a blank page? semantic similarity in central bank communication and market volatility. 2020 J. Monetary Econ.. 111 48-62
- Ehrmann, Michael, Robin Tietz and Bauke Visser (2019), “Strategic interactions in preparing for committee meetings”, manuscript.
Paper not yet in RePEc: Add citation now
Ellingsen, Tore ; Söderström, Ulf Monetary policy and market interest rates. 2001 Am. Econ. Rev.. 91 1594-1607
Faust, Jon ; Swanson, Eric ; Wright, Jonathan Do federal reserve policy surprises reveal superior information about the economy?. 2004 Contributions to Macroeconomics. 4 -
Ferguson, Nicky ; Philip, Dennis ; Lam, Herbert ; Guo, Jie Media content and stock returns: The predictive power of press. 2015 Multination. Finance J.. 19 1-31
Fligstein, Neil ; Brundage, Jonah ; Schultz, Michael Why the Federal Reserve Failed to See the Financial Crisis of 2008: The Role of "Macroeconomics" as a Sense-making and Cultural Frame”, mimeo. 2014 University of California Berkeley:
Garcia, Diego Sentiment during Recessions. 2013 J. Finance. 68 1267-1300
Geraats, Petra Central bank transparency. 2002 Econ. J.. 112 532-565
Gilchrist, Simon ; Zakrajsek, Egon Credit Spreads and business cycle fluctuations. 2012 Am. Econ. Rev.. 102 1692-1720
Gürkaynak, Refet ; Sack, Brian ; Swanson, Eric Do actions speak louder than words? the response of asset prices to monetary policy actions and statements. 2005 Int. J. Central Banking. 1 55-93
Guthrie, Graeme ; Wright, Julian Open mouth operations. 2000 J. Monetary Econ.. 46 489-516
Hansen, Stephen ; McMahon, Michael Shocking language: understanding the macroeconomic effects of central bank communication. 2016 J. Int. Econ.. 99 S114-S133
Hansen, Stephen ; McMahon, Michael ; Prat, Andrea Transparency and deliberation within the FOMC: a computational linguistics approach. 2018 Q. J. Econ.. 133 801-870
Hanson, Samuel ; Stein, Jeremy Monetary policy and long-term real rates. 2015 J. Financial Econ.. 115 429-448
Hayo, Bernd ; Neuenkirch, Matthias Do federal reserve communications help predict federal funds target rate decisions?. 2010 J. Macroeconomics. 32 1014-1024
Heinemann, Friedrich ; Ullrich, Katrin Does it pay to watch central bankers’ lips? The information content of ECB wording. 2007 Swiss J. Econ. Statistics. 143 155-185
Hubert, Paul Qualitative and quantitative central bank communication and inflation expectations. 2017 B.E. J. Macroeconomics. 7 1-41
- Hubert, Paul ; Maule, Becky Policy and macro signals from central bank announcements. 2020 Int. J. Central Banking. -
Paper not yet in RePEc: Add citation now
Hubert, Paul (2019). “State-dependent effects of monetary policy: the central bank information channel”, OFCE Working Paper, No. 2019-04.
Jansen, David-Jan ; De Haan, Jakob Has ECB communication been helpful in predicting interest rate decisions? An evaluation of the early years of the Economic and Monetary Union. 2009 Appl. Econ.. 41 1995-2003
Jarocinski, Marek ; Karadi, Peter Deconstructing monetary policy surprises: the role of information shocks. 2020 Am. Econ. J.. 12 1-43
- Jegadeesh, Narasimhan and Di Wu (2017), “Deciphering Fedspeak: The information content of FOMC meetings”, manuscript.
Paper not yet in RePEc: Add citation now
Kearns, Jonathan, Andreas Schrimpf and Fan Xia (2018). “Explaining Monetary Spillovers: The Matrix Reloaded”, BIS Working Paper, No. 757.
Kerssenfischer, Mark (2019). “Information Effects of Euro Area Monetary Policy: New Evidence from High-Frequency Futures Data”, Bundesbank Discussion Paper, No 07/2019.
King, Robert ; Lu, Yang ; Pasten, Ernesto Managing expectations. 2008 J. Money, Credit Banking. 40 1625-1666
Krippner, Leo Measuring the stance of monetary policy in zero lower bound environments. 2013 Econ. Lett.. 118 135-138
Krueger, Joel ; Kuttner, Kenneth The fed funds futures rate as a predictor of federal reserve policy. 1996 J. Futures Markets. 16 865-879
Kuttner, Kenneth Monetary policy surprises and interest rates: evidence from the Fed funds futures market. 2001 J. Monetary Econ.. 47 523-544
Lakdawala, Aeimit ; Schaffer, Matthew Federal reserve private information and the stock market. 2019 J. Bank. Finance. 106 34-49
Lapp, John ; Pearce, Douglas Does a bias in FOMC policy directives help predict intermeeting policy changes?. 2000 J. Money, Credit Banking. 32 435-441
Loughran, Tim ; McDonald, Bill When is a liability not a liability? textual analysis, dictionaries, and 10-Ks. 2011 J. Finance. 66 35-65
Lucca, David ; Moench, Emanuel The Pre-FOMC announcement drift. 2015 J. Finance. 70 329-371
- Lucca, David, and Francesco Trebbi (2011). “Measuring central bank communication: an automated approach with application to FOMC statements”, NBER Working Paper, No. 15367.
Paper not yet in RePEc: Add citation now
Madeira, Carlos ; Madeira, João The effect of FOMC votes on financial markets. 2019 Rev. Econ. Stat.. 101 1-12
Malmendier, Ulrike ; Nagel, Stefan ; Yan, Zhen The making of hawks and doves. 2020 J. Monetary Econ.. -
Meade, Ellen The FOMC: preferences, voting, and consensus. 2005 Federal Reserve Bank St. Louis Rev.. 87 93-101
Meade, Ellen ; Stasavage, David Publicity of debate and the incentive to dissent: evidence from the US Federal Reserve. 2008 Econ. J.. 118 695-717
Melosi, Leonardo Signaling effects of monetary policy. 2017 Rev. Econ. Studies. 84 853-884
- Miranda-Agrippino, Silvia ; Ricco, Giovanni The transmission of monetary policy shocks. 2020 Am. Econ. J.. -
Paper not yet in RePEc: Add citation now
Nakamura, Emi ; Steinsson, Jon High-frequency identification of monetary non-neutrality: the information effect. 2018 Q. J. Econ.. 133 1283-1330
Orphanides, Athanasios Monetary policy rules based on real-time data. 2001 Am. Econ. Rev.. 91 964-985
- Osgood, Charles ; Suci, George ; Tannenbaum, Percy The Measurement of Meaning. 1957 University of Illinois Press: Urbana
Paper not yet in RePEc: Add citation now
Pakko, Michael On the information content of asymmetric FOMC policy statements: evidence from a Taylor-rule perspective. 2005 Econ. Inq.. 43 558-569
Piazzesi, Monika ; Swanson, Eric Futures prices as risk-adjusted forecasts of monetary policy. 2008 J. Monetary Econ.. 55 677-691
Picault, Matthieu ; Renault, Thomas Words are not all created equal: A new measure of ECB communication. 2017 J. Int. Money Finance. 79 136-156
Reis, Ricardo Central bank design. 2013 J. Econ. Perspect.. 27 17-44
Riboni, Alessandro ; Ruge-Murcia, Francisco Monetary policy by committee: consensus, chairman dominance, or simple majority?. 2010 Q. J. Econ.. 125 363-416
Romer, Christina ; Romer, David A new measure of monetary shocks: derivation and implications. 2004 Am. Econ. Rev.. 94 1055-1084
Romer, Christina ; Romer, David Federal reserve information and the behavior of interest rates. 2000 Am. Econ. Rev.. 90 429-457
Rosa, Carlo ; Verga, Giovanni On the consistency and effectiveness of central bank communication: Evidence from the ECB. 2007 European J. Political Econ.. 23 146-175
Schmeling, Maik and Christian Wagner (2019). “Does central bank tone move asset prices?”, CEPR Discussion Paper, No. 13490.
Sibert, Anne Monetary policy committees: individual and collective reputations. 2003 Rev. Econ. Stud.. 70 649-665
Siklos, Pierre The Changing Face of Central Banking. 2002 Cambridge University Press: Cambridge
Sturm, Jan-Egbert ; De Haan, Jakob Does central bank communication really lead to better forecasts of policy decisions? New evidence based on a Taylor rule model for the ECB. 2011 Rev. World Econ.. 147 41-58
Swank, Job ; Visser, Bauke ; Swank, Otto How committees of experts interact with the outside world: some theory, and evidence from the FOMC. 2008 J. European Econ. Ass.. 6 478-486
- Tang, Jenny (2015). “Uncertainty and the signaling channel of monetary policy”, FRB Boston Working Paper, No. 15-8.
Paper not yet in RePEc: Add citation now
Tetlock, Paul Giving content to investor sentiment: the role of media in the stock market. 2007 J. Finance. 62 1139-1168
Tetlock, Paul ; Saar-Tsechansky, Maytal ; MacSkassy, Sofus More than words: quantifying language to measure firms' fundamentals. 2008 J. Finance. 63 1437-1467
Thornton, Daniel ; Wheelock, David Making sense of dissents: a history of FOMC dissents. 2014 Federal Reserve Bank St. Louis Rev.. 213-227
- Tietz, Robin (2018). “How does the Fed manage interest rate expectations?”, manuscript.
Paper not yet in RePEc: Add citation now
- Tillmann, Peter (2019). “Dissent in the ECB's Governing Council”, manuscript.
Paper not yet in RePEc: Add citation now
Tillmann, Peter, and Andreas Walter (2018). “ECB vs Bundesbank: Diverging Tones and Policy Effectiveness”, BSFA Working Paper Series, No. 2018-4.
Winkelmann, Lars ; Bibinger, Markus ; Linzert, Tobias ECB monetary policy surprises: identification through cojumps in interest rates. 2016 J. Appl. Econ.. 31 613-629
Woodford, Michael (2005). “Central-bank communication and policy effectiveness”. In F. R. City, The Greenspan era: Lessons for the future, 399-474.
Wu, Cynthia ; Xia, Fan Measuring the macroeconomic impact of monetary policy at the zero lower bound. 2016 J. Money, Credit Banking. 48 253-291