Strategic central bank communication

Discourse analysis of the Bank of Japan's Monthly Report

研究成果: Article

抄録

We conduct a discourse analysis of the Bank of Japan's Monthly Report and examine its characteristics in relation to business cycles. We find that ambiguous expressions tend to appear more frequently with negative expressions, and this tendency is more pronounced in recessions. This suggests that the central bank communicates strategically by obfuscating the reports when their private information is unfavorable.

元の言語English
ページ(範囲)230-250
ページ数21
ジャーナルJournal of Economic Dynamics and Control
100
DOI
出版物ステータスPublished - 2019 3 1

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Discourse Analysis
Japan
Private Information
Business Cycles
Communication
Ambiguous
Industry
Tend
Banks
Bank of Japan
Central bank communication
Discourse analysis

ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics

これを引用

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abstract = "We conduct a discourse analysis of the Bank of Japan's Monthly Report and examine its characteristics in relation to business cycles. We find that ambiguous expressions tend to appear more frequently with negative expressions, and this tendency is more pronounced in recessions. This suggests that the central bank communicates strategically by obfuscating the reports when their private information is unfavorable.",
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KW - Natural language processing

KW - Transparency

KW - Verifiable disclosure model

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