Writing Clearly : ECB's Monetary Policy Communication /

The paper presents a methodology for measuring the clarity of central bank communication, illustrating it with the case of the European Central Bank (ECB) in 1999-2007. The analysis identifies the ECB's written communication as clear about 95 percent of instances, which is comparable to, or eve...

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Bibliographic Details
Main Author: Cihak, Martin
Other Authors: Bulir, Ales, Smidkova, Katerina
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/252
Online Access:Full text available on IMF