Banca de DEFESA: JOÃO PEDRO DA SILVA NOGUEIRA

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : JOÃO PEDRO DA SILVA NOGUEIRA
DATE: 19/02/2025
TIME: 18:00
LOCAL: A DEFESA SERÁ REALIZADA POR VIDEOCONFERÊNCIA
TITLE:

The Role of Media in Central Bank Communication: Evidence from a Survey-Based Experiment

KEY WORDS:

Central Bank Communication, Inflation Expectations, Media, Expectations Management, Randomized Controlled Trial

PAGES: 40
BIG AREA: Ciências Sociais Aplicadas
AREA: Economia
SUMMARY:

The aim of this paper is to understand how media reporting on Brazilian Central Bank (BCB) communication affects the inflation expectation formation process of members of the general public. To do so, we implement an information-provision survey experiment. We first elicit subjects’ beliefs about the economy and then provide four different information treatments designed to disentangle the different effects the media has on information diffusion. Consumers who read news coverage of the BCB communication tend to revise their inflation expectations upwards by an average of 1.5% relative to those who read the communication itself. This result is more pronounced when we hold the textual content constant and vary the information source as well as when we divide subjects by their observable characteristics.

COMMITTEE MEMBERS:
Externa à Instituição - CAMILA CARDOSO PEREIRA - UFBA
Interno - 1642911 - DANIEL OLIVEIRA CAJUEIRO
Presidente - 2003700 - MICHAEL CHRISTIAN LEHMANN
Interno - 1981130 - RAFAEL TERRA DE MENEZES