Strategic central bank communication: Discourse analysis of the Bank of Japan's Monthly Report

Kohei Kawamura, Yohei Kobashi, Masato Shizume, Kozo Ueda*

*この研究の対応する著者

研究成果: Article査読

1 被引用数 (Scopus)

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.

本文言語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
出版ステータスPublished - 2019 3

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 制御と最適化
  • 応用数学

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