Bank of England: How Central Bank Communication Shapes Public Inflation Expectations.

Описание: Chapters:
0:00 Introduction to Central Bank Communication
0:33 The Core Research of Tong and Cherry
1:57 Central Bank Narratives and Media
3:45 Information Communication Shocks
5:14 The Role of Household Attention
6:53 Methodology and Future Research


Description:
This episode dives into a Bank of England research paper by Eric Tong and Rennae Cherry, titled "Central bank communications that reach the public." We explore how central bank messages, as encountered through news media, actually shape households' inflation expectations, challenging the traditional view that central bank communication rarely reaches the public. Learn why measuring communication as the public experiences it is crucial for understanding its impact on financial stability and macroeconomics, and share your thoughts at [email protected].
Find the full paper at https://www.bankofengland.co.uk/-/med...