Template-type: ReDIF-Paper 1.0
Author-Name: Donato Masciandaro
Author-Name: Oana Peia
Author-Name: Davide Romelli
Title: Central Bank Communication and Social Media: From Silence to Twitter
Abstract: This paper discusses the evolution of central bank communication, focusing on
recent efforts by central banks to engage with a wider audience via social media. We
document the social media presence of major central banks and discuss how analyzing
Twitter content by and about monetary policy makers can inform about the
effectiveness of communication in influencing beliefs. We focus on recent techniques
employed in analyzing social media content in order to understand how central bank
communication affects expectations and, subsequently, behavior in financial markets.
Classification-JEL: E44, E52, E58, G14, G15, G41.
Keywords: central bank communication, monetary policy, expectations, transparency, text analysis, social media, Twitter.
Length: 36
Number: 22187
Creation-Date: 2022
File-URL: https://repec.unibocconi.it/baffic/baf/papers/cbafwp22187.pdf
File-Format: application/pdf
File-Size: 461,20
Handle: RePEc:baf:cbafwp:cbafwp22187