PD Seminar:Central Bank Communication - one size does not fit all

The effectiveness of monetary policy is dependant on how well it is communicated to various audiences. John and Joan will discuss their recent research that used novel survey data techniques and machine learning modelling to assess how economists and non-economists perceive the readability and degree of reasoning of various economic communications, and its implications for improving central bank communication.

About our Speakers

Dr John Simon is Head of Economic Research Department at the Reserve Bank of Australia. In this role he has positioned the Research Department as thought leaders within the Bank who promote a culture of intelligent enquiry and analytical excellence throughout the Bank. Prior to this he undertook a three-year secondment to the International Monetary Fund, where he led major analytical projects published in the IMF’s flagship publication, the World Economic Outlook. This included work on monetary policy (“The Dog That Didn’t Bark: Has Inflation Been Muzzled or Was It Just Sleeping?), fiscal policy (“The Good, the Bad, and the Ugly: 100 Years of Dealing with Public Debt Overhangs”) and capital flow management (“The Yin and Yang of Capital Flow Management”). He was previously the Chief Manager in the Payments Policy Department of the Bank where he was involved in the design of regulatory frameworks for the credit card, debit card and ATM systems in Australia. He has published numerous articles on macroeconomics, including on the ‘Great Moderation’, monetary policy and payments policy. Dr Simon holds a PhD from the Massachusetts Institute of Technology where his Thesis Supervisor was Olivier Blanchard. 


Joan Huang is a Research Economist in the Economic Research Department at the Reserve Bank of Australia (RBA). Before joining the RBA, Joan worked as a Senior Analyst of price modelling at the Commonwealth Bank of Australia. Her recent research interests focus on central bank communication, text mining and household saving behaviour. Joan has published a research article on regional wage inequality in China using spatial econometric models. She holds a PhD in Economics from the University of New South Wales (Canberra).





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