Communication on monetary policy decisions and macroeconomic forecasts
Книги

Communication on monetary policy decisions and macroeconomic forecasts

Shchadilova, Y. Communication on monetary policy decisions and macroeconomic forecasts : international experience / Y. Shchadilova, A. Evstigneeva; The Central Bank of the Russian Federation, Monetary Policy Department. — Moscow : Bank of Russia, march 2023. — 37 p.: il.. — (Analytical notes). — References: p. 29-30.

Аннотация

Central banks worldwide have developed certain practices for communicating their monetary policy decisions and the underlying macroeconomic forecasts. The authors of this analytical note explore international experience of communication by all inflation-targeting central banks on their decisions and forecasts and carry out a more detailed computer-aided textual analysis of communications of 17 of them for the period of 2000-2022. Main communication materials generally include information on a decision (a press release), a statement by decision makers, and minutes of a meeting presented as a summary of deliberations without names or a transcript of the discussion with attributed voting records.
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