Central bank communication with non-experts – A road to nowhere?

A-Tier
Journal: Journal of Monetary Economics
Year: 2022
Volume: 127
Issue: C
Pages: 69-85

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Central banks have intensified their communication with non-experts – an endeavour which some argue will fail. This paper studies English and German tweets about the ECB to show that its communication is received by non-experts, i.e. is not a road to nowhere. Following ECB communications, tweets often primarily relay information, become more factual and the views expressed more moderate and homogeneous. Some communications, such as Mario Draghi's “Whatever it takes”, trigger a divergence in views. Also, tweets with negative, stronger or more subjective views are more likely retweeted, liked or replied to. Thus, Twitter also constitutes a platform for controversial discussions.

Technical Details

RePEc Handle
repec:eee:moneco:v:127:y:2022:i:c:p:69-85
Journal Field
Macro
Author Count
2
Added to Database
2026-01-25