Blinder et al. (2008) define central bank communication broadly as the information that the central bank makes available about its current and future policy objectives, the current economic outlook, and the likely path for future monetary policy decisions. As new communications technologies increasingly disintermediate traditional media, and also allow for new ways of interaction, a deeper understanding of the entire communications process becomes a crucial input into policy decisions.

There are important questions regarding the channels of effects of communication and their importance for expectations of different agents in the economy. There are also important gaps in our knowledge of the best way to communicate with different audiences and whether different media or ways of communication are more or less effective.

Leadership of the RPN is supported by a Steering Committee:- Gabriel Glocker (European Central Bank) and Michael Ehrmann (European Central Bank)

Virtual Research Office Hours

Michael McMahon sets aside a regular slot to speak to researchers working in the area. To book a slot, please visit http://mcmahonecon.com/rpn/rpnofficehours/

Events

The Central Bank Communication RPN hosts a monthly seminar series (virtually) and will host in-person conferences and workshops, some of which will be organised with central banks and communication experts, as well as other academic research centres such as the Nuffield Centre for Applied Macro Policy at Oxford University (NuCAMP) or the Centre for Macro Economics at LSE (CfM). Some events will be supported as part of ERC Consolidator Grant 819131 (NewMonEc).

Steering Committee

Members

Ana Aguilar

Senior Economist, Office for the Americas Bank For International Settlements

RPN Member, Central Bank Communication

Michael Bauer

Senior Research Advisor Federal Reserve Bank Of San Francisco; Professor of Economics (on leave) University Of Hamburg

Ryan Chahrour

Professor of Economics Cornell University

RPN Member, Central Bank Communication

Stefano Eusepi

Research Officer Federal Reserve Bank Of New York; Professor University Of Texas At Austin

RPN Member, Central Bank Communication

Ernst Fehr

Professor and Director of the UBS Center for Economics in Society University Of Zurich

Robert Goodhead

Economist, Monetary Policy Division Central Bank Of Ireland

RPN Member, Central Bank Communication

Paul Hubert

Researcher Banque De France; Associate Researcher OFCE Sciences Po

RPN Member, Central Bank Communication

David-Jan Jansen

Economist, Financial Stability Division De Nederlandsche Bank; Lecturer Vrije Universiteit Amsterdam

RPN Member, Central Bank Communication

Karel Mertens

Associate Professor of Economics Cornell University; Senior Vice President and Director of Research Federal Reserve Bank Of Dallas

Fellow, Monetary Economics and Fluctuations / RPN Member, Central Bank Communication

Emanuel Moench

Professor of Financial and Monetary Economics Frankfurt School Of Finance & Management

Emi Nakamura

Professor of Business and Economics Columbia University; Faculty Research Fellow National Bureau Of Economic Research (NBER); Chancellor's Professor of Economics University of California, Berkeley

RPN Member, Central Bank Communication

Ricardo Reis

A.W. Phillips Professor of Economics London School Of Economics And Political Science

Giulia Sestieri

Head of Monetary Policy Research Division Banque De France

RPN Member, Central Bank Communication

Silvana Tenreyro

External Monetary Policy Committee Member Bank Of England; Professor London School Of Economics And Political Science

Dmitri Vinogradov

Professor of Finance University Of Glasgow

RPN Member, Central Bank Communication

Central Bank Communication RPN Session at the CEPR Paris Symposium 2023

On Friday, 8 December 2023, 10:00 - 11:00 (Paris time), the Central Bank Communication RPN held a Session at Banque de France during the CEPR Paris Symposium 2023.

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Past events

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Conference

CEPR Paris Symposium

CEPR Paris Symposium 2023

8 Dec 2023 - 13 Dec 2023 in Paris, France