摘要：Our analysis of central banks’ predictability is based on a
unique data set of almost 500 market participants worldwide
who were asked questions with respect to the performance of
the Bank of England, the Bank of Japan, the European Central
Bank, and the Federal Reserve. Our results indicate a positive
and economically notable relationship between central banks’
ability to convey their objectives and their overall communication
skills on the one hand, and market participants’ perception
of the banks’ predictability on the other hand. The perceived
importance of disseminating more specific information does
not contribute to better central bank predictability.
