%0 Journal Article
%T Central Bank Communication and Monetary Policy: The Case of European Central Bank
%A Vedat Cengiz
%J -
%D 2019
%X Transparency in monetary policy has gained worldwide importance from the early 1990s. Central banks now spend more time in explaining their objectives, strategies, decisions and assessments of the economic outlook. For the realization of all these, central banks benefit from various communication channels. With the help of an effective communication it is possible to direct the expectations and thus the effectiveness of monetary policy is increasing. After the role of communication on the effectiveness of monetary policy is understood, central banks have started to see the communication with the public as a strategic element. The aim of this study is to examine the importance of central bank communication in terms of the effectiveness of monetary policy in the case of European Central Bank. The Euro area is a complex and constantly changing region in which uncertainty prevails. For this reason, it is an important requirement for the European Central Bank to focus on different target groups and use various communication channels. The communication channels of the European Central Bank, which is in a superior position in terms of communication, are as follows; monthly press conferences, regular press releases, speeches, interviews, academic conferences and researches and website
%K Merkez Bankas£¿n£¿n £¿leti£¿imi
%K Para Politikas£¿
%K Avrupa Merkez Bankas£¿
%U http://dergipark.org.tr/bsbd/issue/43873/527931