David-Jan Jansen, Jakob de Haan, 13 May 2013

The European Central Bank has often been criticised for inconsistencies in its policy communications. At the same time, several papers show how ECB communication has been effective. This column resolves this paradox by providing evidence showing that ECB introductory statements were, in fact, quite consistent over the first decade of its operations.

Alan Blinder, Michael Ehrmann, Marcel Fratzscher, Jakob de Haan, David-Jan Jansen, 15 May 2008

Central banking has undergone dramatic change in recent decades, and many banks now favour transparency in communicating their policies and forecasts. What does this mean? This column argues that our understanding of the role of central bank communication is still in its infancy and it remains unclear what constitutes an optimal communication strategy for central banks.

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