UID:
edocfu_9958116177702883
Format:
1 online resource (44 p.)
ISBN:
1-4639-3508-0
,
1-4639-9215-7
Series Statement:
IMF Working Papers
Content:
This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment. We use readability statistics and content analysis to study the clarity of communication on the inflation outlook by seven central banks between 1997 and 2010. Overall, we find no strong indications that central banks were less clear in explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis, however, did have a negative impact on clarity of central bank communication.
Note:
Description based upon print version of record.
,
Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; A. Data; 1. Data Overview; B. Measuring Clarity of Communication; 1. Readability of Inflation Reports and Press Statements, 1997-2010; 2. Summary Statistics for Readability of Inflation Reports and Press Statements; C. Analyzing Variations in Clarity; 2. Sample Correlations; A. Clarity of Inflation Reports; 3. Explaining Clarity of Inflation Reports; B. Clarity of Press Releases / Statements; 4. Explaining Clarity of Press Releases / Statements; C. Length of Inflation Reports; 5. Explaining the Length of Inflation Reports
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D. Impact of the Global Financial Crisis6. The Global Financial Crisis and Clarity of Inflation Reports; E. Sensitivity Analysis; References; IV. Conclusions; III. Results; II. Data and Methodology; I. Introduction; Footnotes
Additional Edition:
ISBN 1-4639-3114-X
Language:
English
