Beyond Monetary Policy: Expanding the Communication Frontiers ofCentral Banks

In a period marked by uncertainty, but also by rapid technological advances, communication is a fundamental element of a central bank's strategy.The outbreak of the global financial crisis paved the way for changes in central bank policy by expanding its role to maintain financial stability, not just price stability.Gradually, more and more issues outside the sphere of responsibility began to be addressed or even assimilated.In this framework, the paper aims to highlight the expanded role of a central bank's communication policy with the public, based on exploring the themes addressed in the central bankers ' speeches, during 2015-2024.The analysis shows that the issue of financial inclusion is constantly discussed.Still, after 2019, speeches on climate change are comparatively more frequent.The subject remains open to in-depth explorations, in the context of increasing concerns related to changes in strategy and extended mandate.

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Publication Details

Journal
Ovidius University Annals Economic Sciences Series
Published
2025-08-31
DOI
https://doi.org/10.61801/ouaess.2025.1.19
Primary Topic
Geochemistry and Geologic Mapping
Type
article
Field-Weighted Citation Impact
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article

Beyond Monetary Policy: Expanding the Communication Frontiers ofCentral Banks

Ovidius University Annals Economic Sciences Series
Geochemistry and Geologic Mapping
article

Beyond Monetary Policy: Expanding the Communication Frontiers ofCentral Banks

article en

Abstract

In a period marked by uncertainty, but also by rapid technological advances, communication is a fundamental element of a central bank's strategy.The outbreak of the global financial crisis paved the way for changes in central bank policy by expanding its role to maintain financial stability, not just price stability.Gradually, more and more issues outside the sphere of responsibility began to be addressed or even assimilated.In this framework, the paper aims to highlight the expanded role of a central bank's communication policy with the public, based on exploring the themes addressed in the central bankers ' speeches, during 2015-2024.The analysis shows that the issue of financial inclusion is constantly discussed.Still, after 2019, speeches on climate change are comparatively more frequent.The subject remains open to in-depth explorations, in the context of increasing concerns related to changes in strategy and extended mandate.

Ovidius University Annals Economic Sciences SeriesVol. 25(1)
Unitatea Executiva Pentru Finantarea Invatamantului Superior a Cercetarii Dezvoltarii si Inovarii (RO)
Reduced inequalities
Openalex Percentile: Top 39%
Geochemistry and Geologic Mapping
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Beyond Monetary Policy: Expanding the Communication Frontiers ofCentral Banks · Ovidius University Annals Economic Sciences Series (2025) | TGRS Research Map | TGRS