Writing Clearly: The ECB's Monetary Policy Communication

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F13%3A10196351" target="_blank" >RIV/00216208:11230/13:10196351 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1111/j.1468-0475.2011.00562.x" target="_blank" >http://dx.doi.org/10.1111/j.1468-0475.2011.00562.x</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/j.1468-0475.2011.00562.x" target="_blank" >10.1111/j.1468-0475.2011.00562.x</a>

Result language
angličtina
Original language name
Writing Clearly: The ECB's Monetary Policy Communication
Original language description
The article presents a novel methodology for measuring the clarity of central bank communication using content analysis, illustrating the methodology with the case of the European Central Bank (ECB). The analysis identi?es the ECB's written communicationas clear in about 85-95% of instances, which is comparable with, or better than, similar results available for other central banks. We also ?nd that the additional information on risk to in?ation and especially projection risk assessment contained in the ECB's Monthly Bulletins helps to improve communication clarity compared to ECB's press releases. In contrast, the bulletin's communication on monetary developments has a negative, albeit small, impact on clarity.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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