Central Bank Communication and Social Media: From Silence to Twitter

Donato Masciandaro (), Oana Peia and Davide Romelli

No 22187, BAFFI CAREFIN Working Papers from BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy

Abstract: This paper discusses the evolution of central bank communication, focusing on recent efforts by central banks to engage with a wider audience via social media. We document the social media presence of major central banks and discuss how analyzing Twitter content by and about monetary policy makers can inform about the effectiveness of communication in influencing beliefs. We focus on recent techniques employed in analyzing social media content in order to understand how central bank communication affects expectations and, subsequently, behavior in financial markets.

Keywords: central bank communication; monetary policy; expectations; transparency; text analysis; social media; Twitter. (search for similar items in EconPapers)
JEL-codes: E44 E52 E58 G14 G15 G41 (search for similar items in EconPapers)
Pages: 36
Date: 2022
New Economics Papers: this item is included in nep-cba, nep-mon and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://repec.unibocconi.it/baffic/baf/papers/cbafwp22187.pdf (application/pdf)

Related works:
Journal Article: Central bank communication and social media: From silence to Twitter (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:baf:cbafwp:cbafwp22187

Access Statistics for this paper

More papers in BAFFI CAREFIN Working Papers from BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy Via Röntgen, 1 - 20136 Milano - Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Michela Pozzi ().