Mcmahon Lab

University of Oxford

- · United Kingdom

ERC-funded
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Research focus

ERC Consolidator Grant · 2018

Monetary Economics and Communication: New Data, New Tools, New and Old Questions

In the last 25 years, communication has become a core lever of monetary policy. This has important implications for academic research in monetary economics -- an area intrinsically linked to the policy environment. The framework change raises new questions, and we must rethink how we empirically study existing questions. We need new approaches and new data. My ground-breaking research agenda, rooted in important academic questions, comprises of 6 pioneering projects across 3 related themes that emphasise the increasingly-important role of central bank communication in policy. Theme I concerns the fundamental empirical question in monetary economics: what is the effect of monetary policy?…

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