Writing Clearly : ECB's Monetary Policy Communication »
Journal Issue
Volume/Issue: 2008/252
Series: IMF Working Papers
Author(s): Martin Cihak , Katerina Smídková , and Ales Bulir
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2008
DOI: http://dx.doi.org/10.5089/9781451871104.001
ISBN: 9781451871104
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...