Central Banks’ Communication Strategies: Just Words?

The aim of this chapter is twofold. On the one hand, we want to contribute to the very interesting recent debate about the necessity of rethinking and analysing the independence, legitimacy, accountability and reputational issues of central banks (CBs) all over the world (e.g., Best 2016; Goodhart and Lastra 2018; Lentner et al. 2017). This intellectual and political debate is grounded in the developing mission, activities and goals of these agencies and on the consequent increased attention to communications and actions towards different audiences or external stakeholders (governments, the wider public, financial community) and internal stakeholders (employees at different hierarchical levels within the CBs’ organizations).