Does the Clarity of Inflation Reports Affect Volatility in Financial Markets? /

We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, and Sveriges Riksbank using the Flesch-Kincaid grade level, a standard readability meas...

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, 2014.
Cyfres:IMF Working Papers; Working Paper ; No. 2014/175
Mynediad Ar-lein:Full text available on IMF