Clarity of central bank communication about inflation /

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Bibliographic Details
Author / Creator:	Buliř, Aleš, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2012.
Description:	1 online resource (24 pages) : illustrations
Language:	English
Series:	IMF working paper ; WP/12/09 IMF working paper ; WP/12/09.
Subject:	Banks and banking, Central -- Econometric models. Monetary policy -- Econometric models. Inflation (Finance) -- Econometric models. Banks and banking, Central -- Econometric models. Inflation (Finance) -- Econometric models. Monetary policy -- Econometric models. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499963

Hidden Bibliographic Details
Other authors / contributors:	Čihák, Martin, author. Jansen, David-Jan, author. IMF Institute, issuing body.
ISBN:	9781463992156 1463992157 9781463991500 1463991509 1463935080 9781463935085 9781463931148 146393114X
Notes:	At head of title: IMF Institute. Title from PDF title page (IMF Web site, viewed January 19, 2012). "January 2012." Includes bibliographical references.
Summary:	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.
Other form:	Print version: Bulir, Ales. Clarity of Central Bank Communication About Inflation. Washington : International Monetary Fund, ©2012 9781463931148

Table of Contents:

Cover Page; Title Page; Copyright Page; Contents; Tables; Figures; A. Data; 1. Data Overview; B. Measuring Clarity of Communication; 1. Readability of Inflation Reports and Press Statements, 1997-2010; 2. Summary Statistics for Readability of Inflation Reports and Press Statements; C. Analyzing Variations in Clarity; 2. Sample Correlations; A. Clarity of Inflation Reports; 3. Explaining Clarity of Inflation Reports; B. Clarity of Press Releases / Statements; 4. Explaining Clarity of Press Releases / Statements; C. Length of Inflation Reports; 5. Explaining the Length of Inflation Reports.
D. Impact of the Global Financial Crisis6. The Global Financial Crisis and Clarity of Inflation Reports; E. Sensitivity Analysis; References; IV. Conclusions; III. Results; II. Data and Methodology; I. Introduction; Footnotes.

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