Annual Conference


Hosted by the Université Saint-Louis Bruxelles in Brussels, Belgium
December 17th, 2018


Financial support from the Belgian French speaking community ARC project n°15/20-072 is acknowledged. 







The Université Saint-Louis Bruxelles, Belgium is organizing a conference aiming to bring together financial economists from academia, central banks and research institutions to investigate the new challenges for central bank communication in the ten years since the start of the financial crisis and discuss the avenues of research in this regard.


We seek both empirical and theoretical policy-relevant papers. Papers are invited for submission on this broad theme, including:

  • Effectiveness of central bank communication
  • Clarity of central bank communication
  • Tone of central bank communication
  • Communicating in unconventional times
  • Central bank communication to the media or to the general public
  • Text-mining in Finance
  • Natural Language Processing applied to central bank communication


Submission guidelines:

  • Complete manuscripts in pdf format should be submitted to
  • Submitted papers must be received by November 18th 2018 


The authors of the accepted papers will be notified by November 22nd 2018.


Keynote speaker: Pierre Siklos.

Session Chairs: Kris Boudt, Matthias Neuenkirch, Stefano Nardelli.


Conference fees: 50 Euros + Optional Conference Diner 50 Euros

UCLouvain and partner universities (free but 50 if you want to join the Conference Dinner)

Scholarships are available for the conference fee for PhD students. If you want to apply, please send also a resume and a cover letter.




Location :

Université Saint-Louis – Bruxelles, Boulevard du Jardin Botanique 43, 100 Brussels
Salle des Examens


8:30 – 8:55               Registration and welcome coffee

8:55 – 9:00               Welcome speech

9:00 – 10:45             Communication of Monetary Policy in Unconventional Times

Session chair: Stefano Nardelli, ECB

“The Value of Central Bank Communication” Renaud Beaupain, Alexandre Girard

Discussant: Matthieu Picault (University of Orléans)

“Central bank’s sentiment and media sentiment”, Matthieu Picault, Julien Pinter, Thomas Renaud

Discussant: Elisa Darriet (LEMMA, Université Paris 2)

“Anchoring inflation expectations: French students’ perception in a post economic crisis context” Elisa Darriet

Discussant: Anouk Claes (Université Saint-Louis Bruxelles)

10:45 – 11:15                       Coffee Break

11:15 – 12:15                       Keynote Lecture

Pierre Siklos, Professor of Economics at Wilfrid LaurierUniversity’s School of Business and Economics

12:15 – 13:45                       Lunch Break

13:45 – 16:00                       Effectiveness of Central Bank Communication

Session chair: Matthias Neuenkirch, Trier University

“ECB vs. Bundesbank: Diverging Tones and Policy Effectiveness” Peter Tillmann, Andreas Walter

Discussant: Michael Lamla (University of Essex)

“Does People Bank of China’s Communication Matter? Evidence from Financial Markets’ Reaction” Hamza Bennani

Discussant: Matthias Neuenkirch (Universität Trier)

“Central Bank Announcements: Big News for Little People?” Michael J. Lamla, Dmitir V. Vinogradov

Discussant: Peter Tillman (Justus Liebig University Giessen)

“Financial Stability and the Fed: Evidence from Congressional Hearings” Arina Wischnewsky, David-Jan Jansen, Matthias Neuenkirch

Discussant: Hamza Bennani (Université Paris Nanterre)

 16:00-16:30             Coffee Break

16:30-18:15             Evaluating Central Bank Communication

Session chair: Kris Boudt, Vrije Universiteit Brussel

“Measuring ECB’s Communication: a “Media-Based” Automated Approach” Francesco Pesci

Discussant: Sylverie Herbert (Cornell University)

“Strategic Communication with Heterogenous beliefs” Sylverie Herbert

Discussant: Alexandre Girard (University Saint-Louis Bruxelles)

“The Sentometrics Approach for Textual Sentiment based Predictions” David Ardia, Kevin Bluteau, Samuel Borms, Kris Boudt

19h30 Social Diner at « La Rose Blanche », Grand-Place, Brussels.  


Registration is compulsory before December 13th. To register, please send an e-mail to Alexandre Girard ( or to Laura Bertora (





Hôtel Marivaux

Boulevard Adolphe Maxlaan 98 B-1000 Bruxelles
Tel.: + Fax: +





Brussels, Saint-Louis and getting around


Brussels is very easy to get to. And as in most large cities, as you might expect, it is easy to get around on public transport, by bicycle or on foot. Brussels is a city that you can live in, explore and enjoy without a car!


Getting to Brussels

Getting around Brussels: Guide



Location map


The university is ideally located in the centre of the city with several railway stations within easy reach. It is also located halfway between two of the city’s main public transport stations, Botanique, and Rogier, which offer convenient metro, tram and bus access to and across the entire city.


As a rough guide, the Gare Centrale railway station is located less than 20 minutes away on foot, the Gare du Nord can be reached in 10 minutes on foot and the Gare du Congrès is a just a short distance away on the same metro line as the Gare du Midi (the Gare du Midi is about 10 minutes away on tram).


Brussels metro, tram, and bus (STIB)

Bus (De Lijn)

Bus (TEC)