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Bank of Canada communication, media coverage, and financial market reactions

Bernd Hayo () and Matthias Neuenkirch ()

Economics Letters, 2012, vol. 115, issue 3, 369-372

Abstract: We examine how Bank of Canada communications and media reporting on them impacts Canadian bond and stock market returns. Official communications exert a relatively larger influence on the bond market, whereas media coverage is more relevant for the stock market.

Keywords: Bank of Canada; Central bank communication; Financial markets; Media coverage; Monetary policy (search for similar items in EconPapers)
JEL-codes: E52 G14 G15 (search for similar items in EconPapers)
Date: 2012
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Working Paper: Bank of Canada Communication, Media Coverage, and Financial Market Reactions (2010) Downloads
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DOI: 10.1016/j.econlet.2011.12.086

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