Clarity of Central Bank Communication About Inflation /

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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Bulir, Ales
Awduron Eraill: Cihak, Martin, Jansen, David-Jan
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2012.
Cyfres:IMF Working Papers; Working Paper ; No. 2012/009
Mynediad Ar-lein:Full text available on IMF
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100 1 |a Bulir, Ales. 
245 1 0 |a Clarity of Central Bank Communication About Inflation /  |c Ales Bulir, David-Jan Jansen, Martin Cihak. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
700 1 |a Cihak, Martin. 
700 1 |a Jansen, David-Jan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/009 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/009/001.2012.issue-009-en.xml  |z IMF e-Library