In what ways are the communication strategies of the Federal Reserve and the Eur

Question

In what ways are the communication strategies of the Federal Reserve and the European Central Bank similar? Answer yes or no to each of the following.

-Make public the votes in individual votes of the members of the policy-making committeeunanswered?

-Report periodically to a democratically elected bodyunanswered?

-Immediately release the target interest rate following policy meetingsunanswered?

-Release an account of their policy meetings after a short periodunanswered?

-Give public speechesunanswered?

-Publish transcripts of its meetingsunanswered?

-Hold periodic press conferencesunanswered?

-Disseminate data and research?

Explanation / Answer

1. No, Federal Reserve and the European Central Bank does not make public the votes in individual votes of the members of the policy-making committee.

2. Yes, Federal Reserve and the European Central Bank report periodically to a democratically elected body.

3. No, Federal Reserve and the European Central Bank does not immediately release the target interest rate following policy meetings.

4. Yes, Federal Reserve and the European Central Bank release an account of their policy meetings after a short period.

5. Yes, Federal Reserve and the European Central Bank give public speeches.

6. Yes, Federal Reserve and the European Central Bank publish transcripts of its meetings.

7. Yes, Federal Reserve and the European Central Bank hold periodic press conferences.

8. Yes, Federal Reserve and the European Central Bank disseminate data and research.

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