Differential impact of diversity in policy communication

Vidya Mahambare () and Jalaj Pathak

Economics Letters, 2021, vol. 209, issue C

Abstract: We examine the tone of the internal and external members of India’s Monetary Policy Committee. The tone of the external members’, which place a higher weight on growth relative to inflation, has a greater impact on the bond yields.

Keywords: Central bank communication; Tone analysis (search for similar items in EconPapers)
JEL-codes: G14 G18 G28 G41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:209:y:2021:i:c:s0165176521004195

DOI: 10.1016/j.econlet.2021.110142

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