The Voice of Monetary Policy | naked capitalism
Lambert: Herd animals. By Yuriy Gorodnichenko, Quantedge Presidential Professor, Department of Economics, University of California – Berkeley, Tho Pham, Lecturer in Economics, University of Reading, and Oleksandr Talavera, Professor of Financial Economics, University of Birmingham. Originally published at VoxEU. While the effectiveness of central bank’s verbal communication is well documented, little is known about the effectiveness of communication via non-verbal channels. This column discusses vocal features of Federal Open Market Committee communication and examines the impacts on fina...
Source: nakedcapitalism.com