Series: IMF Working Papers
Author(s): Martin Cihak , Katerina Smídková , and Ales Bulir
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2008
Keywords: Communication, inflation, central bank, inflation forecasts, inflation target,
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 com...