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RBA Glossary definition for central bank
central bank – A non-commercial bank, which may or may not be independent of government, which has some or all of the following functions: conduct monetary policy; oversee the stability of the financial system; issue currency notes; act as banker to the government; supervise financial institutions and regulate payments systems.
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Central Bank Communication: One Size Does Not Fit All
24 May 2021
RDP
2021-05
Research Discussion Paper – RDP 2021-05 Central Bank Communication: One Size Does Not Fit All. ... To shed light on this, we investigate 3 important aspects of central bank communication.
https://www.rba.gov.au/publications/rdp/2021/2021-05.html
What is Effective Central Bank Communication?
1 May 2021
RDP
2021-05
Reflecting this ultimate objective, Fracasso, Genberg and Wyplosz (2003) investigated 19 central banks and found that more readable central bank monetary reports are indeed associated with smaller policy surprises. ... For independent central banks,
https://www.rba.gov.au/publications/rdp/2021/2021-05/what-is-effective-central-bank-communication.html
Conclusion
1 May 2021
RDP
2021-05
RDP 2021-05: Central Bank Communication: One Size Does Not Fit All 8. ... Finally, recognising the multiplicity of readers for central bank documents, we considered how different audiences perceive the readability and reasoning of documents.
https://www.rba.gov.au/publications/rdp/2021/2021-05/conclusion.html
Non-technical summary for ‘Central Bank Communication: One Size Does Not Fit All’
24 May 2021
RDP
2021-05
There has, however, been very little study on how to make central bank communication more effective. ... We argue that reasoning, not just readability, is an important part of the broader concept of central bank transparency.
https://www.rba.gov.au/publications/rdp/2021/2021-05/non-technical-summary.html
Central Bank Communication: One Size Does Not Fit All
24 May 2021
RDP
2021-05
Research Discussion Paper – RDP 2021-05 Central Bank Communication: One Size Does Not Fit All. ... Judy Hitchen, Gianni La Cava, Amanda Martz, Callan Windsor, and seminar participants at the Reserve Bank of Australia.
https://www.rba.gov.au/publications/rdp/2021/2021-05/sections.html
References
1 May 2021
RDP
2021-05
RDP 2021-05: Central Bank Communication: One Size Does Not Fit All References. ... Filardo A and D Guinigundo (2008), ‘Transparency and Communication in Monetary Policy: A Survey of Asian Central Banks’, Paper presented at the Bangko Sentral ng
https://www.rba.gov.au/publications/rdp/2021/2021-05/references.html
Results
1 May 2021
RDP
2021-05
RDP 2021-05: Central Bank Communication: One Size Does Not Fit All 7. ... h. s. The most important documents that central banks use to communicate with external parties are typically the regularly released monetary policy reports.
https://www.rba.gov.au/publications/rdp/2021/2021-05/results.html
Introduction
1 May 2021
RDP
2021-05
RDP 2021-05: Central Bank Communication: One Size Does Not Fit All 1. ... Central banks do, however, confront a trade-off. Monetary policy is not simple.
https://www.rba.gov.au/publications/rdp/2021/2021-05/introduction.html
Central Bank Communication: One Size Does Not Fit All
24 May 2021
RDP
2021-05
Reflecting this ultimate objective, Fracasso, Genberg and Wyplosz (2003) investigated 19 central banks and found that more readable central bank monetary reports are indeed associated with smaller policy surprises. ... For independent central banks,
https://www.rba.gov.au/publications/rdp/2021/2021-05/full.html
Appendix A: Readability Index Comparison
1 May 2021
RDP
2021-05
RDP 2021-05: Central Bank Communication: One Size Does Not Fit All Appendix A: Readability Index Comparison. ... Reserve Bank of Australia, 2001–2024. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait
https://www.rba.gov.au/publications/rdp/2021/2021-05/appendix-a.html