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Abstract

Central bank communication has been developed over the last decades. Much has been learned over time, revealing both the complexity and usefulness of communication. This is an area where there is room for significant improvements. Most of the possible improvements question the way the ECB operates. Only seeking to better talk will not be enough to meet this important challenge. This paper was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON) ahead of the Monetary Dialogue with the ECB President on 7 February 2022.

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