MONETARY POLICY SIGNALING, CLARITY OF CENTRAL BANK COMMUNICATION AND SOVEREIGN RISK SPREADS: EVIDENCES FOR BRAZIL

  • Rodolfo Nicolay
  • Ana Jordania de Oliveira
  • Marco Gelpi
  • Vinícius Palha

Resumo

The literature about both sovereign risk spreads and central bank communication has evolved, but separately. The present study aims to fill this gap analyzing the relation between central bank communication and the sovereign risk spreads. We provide empirical evidence of the effects of monetary policy signaling and clarity of central bank communication over the sovereign risk spreads. The results indicate the sovereign risk spreads respond to the monetary policy signaling. Moreover, the clarity of the central bank communication can reduce the sovereign risk spreads.

Biografia do Autor

Rodolfo Nicolay

Candido Mendes University (UCAM)

Catholic University of Petrópolis (UCP)

Ana Jordania de Oliveira

Candido Mendes University (UCAM)

Instituto de Pesquisa em Economia Aplicada (IPEA)

Marco Gelpi

Candido Mendes University (UCAM)

Vinícius Palha

Candido Mendes University (UCAM)

Publicado
2020-10-02
Como Citar
NICOLAY, Rodolfo et al. MONETARY POLICY SIGNALING, CLARITY OF CENTRAL BANK COMMUNICATION AND SOVEREIGN RISK SPREADS: EVIDENCES FOR BRAZIL. Revista Saber Digital, [S.l.], v. 13, n. 1, p. 1-25, out. 2020. ISSN 1982-8373. Disponível em: <http://revistas.faa.edu.br/index.php/SaberDigital/article/view/856>. Acesso em: 27 out. 2020.
Seção
Economia