From “watchdogs” to signal translators: On the relationship between business journalists and monetary policy sources
Lamoureux, Samuel
From “watchdogs” to signal translators: On the relationship between business journalists and monetary policy sources - 2022.
93
This article examines the relationship between business journalists and monetary policy media sources, particularly in the publication cycle of the Monetary Policy Report by the Bank of Canada. This relationship is analyzed in terms of asymmetry and collaboration: Bank of Canada sources and private bank economists stand out as a necessary step in media work, but journalists also benefit from this collaboration because it allows them to be more efficient and save time. Monetary policy, on the other hand, is hardly conducive to investigative work, as business journalists see their role as not to criticize or monitor the central bank, but to “translate” its signals to the public.
From “watchdogs” to signal translators: On the relationship between business journalists and monetary policy sources - 2022.
93
This article examines the relationship between business journalists and monetary policy media sources, particularly in the publication cycle of the Monetary Policy Report by the Bank of Canada. This relationship is analyzed in terms of asymmetry and collaboration: Bank of Canada sources and private bank economists stand out as a necessary step in media work, but journalists also benefit from this collaboration because it allows them to be more efficient and save time. Monetary policy, on the other hand, is hardly conducive to investigative work, as business journalists see their role as not to criticize or monitor the central bank, but to “translate” its signals to the public.
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