Measuring how financial sector economists respond to the tone of Bank of Canada communications - Latest

• Measuring how financial sector economists respond to the tone of Bank of Canada communications

  

  Sparks at Bank article Amanda Wang, Xu Zhang, Xinfen Han

  The words central banks use to explain policy decisions matter. They can, in some cases, affect financial markets just like changes in policy interest rates do. For this reason, we built a tool to track the tone of the Bank of Canada’s policy communications and assess how tone affects market perceptions.

  Content Type(s): Staff research, Sparks at Bank article Research Theme(s): Models and tools, Econometric, statistical and computational methods, Monetary policy, Monetary policy framework and transmission, Monetary policy tools and implementation