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연구정보

[경제] Seeing the forest for the trees: Using hLDA models to evaluate communication in Banco Central do Brasil

브라질 국외연구자료 연구보고서 - BIS 발간일 : 2022-06-14 등록일 : 2022-06-22 원문링크

There is a widespread consensus that central bank communication influences the expectations of economic agents, and that increasing transparency enhances the effectiveness of monetary policy. Central bank communication has moved beyond simply informing agents on the perceived current and future state of the economy to becoming a key instrument to anchor inflation expectations. Therefore, it is essential to assess whether the central bank is efficiently communicating the intended signals to market and economic agents.

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