Caiazza, Stefano and Fiordelisi, Franco and Galloppo, Giuseppe and Ricci, Ornella (2022) Informal Central Bank Communications: the role of investor memories. Economics Letters, 217. p. 110632. DOI https://doi.org/10.1016/j.econlet.2022.110632 (In Press)
Caiazza, Stefano and Fiordelisi, Franco and Galloppo, Giuseppe and Ricci, Ornella (2022) Informal Central Bank Communications: the role of investor memories. Economics Letters, 217. p. 110632. DOI https://doi.org/10.1016/j.econlet.2022.110632 (In Press)
Caiazza, Stefano and Fiordelisi, Franco and Galloppo, Giuseppe and Ricci, Ornella (2022) Informal Central Bank Communications: the role of investor memories. Economics Letters, 217. p. 110632. DOI https://doi.org/10.1016/j.econlet.2022.110632 (In Press)
Abstract
Central bank informal communication became more frequent and acquired more mass media attention after the global financial crisis. Do investors remember past central bank communications when a new communication is released? Focusing on the United States, we show that abnormal stock returns increase as informal communications are repeated over time and within a short distance from each other.
| Item Type: | Article |
|---|---|
| Additional Information: | Source info: EL54133 |
| Uncontrolled Keywords: | Monetary policy; Central bank communication |
| Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 24 May 2022 14:45 |
| Last Modified: | 30 Oct 2024 17:22 |
| URI: | http://repository.essex.ac.uk/id/eprint/32842 |
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