Hidden Bibliographic Details
| Other authors / contributors: | Čihák, Martin, author.
Jansen, David-Jan, author.
International Monetary Fund. Institute for Capacity Development, issuing body.
|
|---|
| ISBN: | 9781484380406
1484380401
|
|---|
| Notes: | "September 2014."
"Institute for Capacity Development."
Includes bibliographical references (pages 17-22).
Online resource; title from pdf title page (IMF.org Web site, viewed September 30, 2014).
|
|---|
| Summary: | 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 measure. We find some evidence, mainly for the euro area, of a negative relationship between clarity and market volatility prior to and during the early stage of the global financial crisis. As the crisis unfolded, there is no longer robust evidence of a negative connection. We conclude that reducing noise using clear reports is possible but not without challenges, especially in times of crisis.--Abstract.
|
|---|
| Other form: | Print version: Bulir, Ales. Does the Clarity of Inflation Reports Affect Volatility in Financial Markets? Washington : International Monetary Fund, ©2014
|
|---|
