G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16525
DP16525 Central Bank Communication with Non-Experts - A Road to Nowhere?
Michael Ehrmann; Alena Wabitsch
发表日期2021-09-08
出版年2021
语种英语
摘要Central banks have intensified their communication with non-experts – an endeavour which some have argued is bound to fail. This paper studies English and German Twitter traffic about the ECB to understand whether its communication is received by non-experts and how it affects their views. It shows that Twitter traffic is responsive to ECB communication, also for non-experts. For several ECB communication events, Twitter constitutes primarily a channel to relay information: tweets become more factual and the views expressed more moderate and homogeneous. Other communication events, such as former President Draghi’s “Whatever it takes” statement, trigger persistent traffic and a divergence in views. Also, ECB-related tweets are more likely to get retweeted or liked if they express stronger or more subjective views. Thus, Twitter also serves as a platform for controversial discussions. The findings suggest that central banks manage to reach non-experts, i.e. their communication is not a road to nowhere.
主题Monetary Economics and Fluctuations
关键词monetary policy Central bank communication Social media Non-experts
URLhttps://cepr.org/publications/dp16525
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545479
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GB/T 7714
Michael Ehrmann,Alena Wabitsch. DP16525 Central Bank Communication with Non-Experts - A Road to Nowhere?. 2021.
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