| 000 | 02457nam a22004574a 4500 | ||
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| 001 | WPIEA2008252 | ||
| 003 | IMF | ||
| 005 | 20190405171722.0 | ||
| 006 | m o d | ||
| 007 | cr cn||||||||| | ||
| 008 | 020129s2008 dcu o i00 0 eng d | ||
| 020 |
_a1451871104 : _c18.00 USD |
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| 020 | _z9781451871104 | ||
| 022 | _a1018-5941 | ||
| 024 | 7 |
_a10.5089/9781451871104.001 _2doi |
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| 035 | _a(IMF)WPIEA2008252 | ||
| 040 |
_aDcWaIMF _beng |
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| 100 | 1 | _aCihak, Martin. | |
| 245 | 1 | 0 |
_aWriting Clearly _h[electronic resource] : _bECB's Monetary Policy Communication / _cMartin Cihak. |
| 260 |
_aWashington, D.C. : _bInternational Monetary Fund, _c2008. |
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| 300 | _a1 online resource (34 p.) | ||
| 490 | 1 |
_aIMF Working Papers; Working Paper ; _vNo. 08/252 |
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| 520 | 3 | _aThe 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 communication as clear about 95 percent of instances, which is comparable to, or even better than, other central banks for which a similar analysis is available. We also find that the additional information contained in the ECB's Monthly Bulletins helps to improve communication clarity compared to ECB's press releases. In particular, the Bulletins contain useful clarifying information on individual inflation factors and the overall forecast risk; in contrast, the bulletin's communication on monetary shocks has a negative, albeit small, impact on clarity. | |
| 588 | _aDescription based on print version record. | ||
| 650 | 7 |
_aCentral Bank _2imf |
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| 650 | 7 |
_aCommunication _2imf |
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| 650 | 7 |
_aInflation Forecasts _2imf |
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| 650 | 7 |
_aInflation Target _2imf |
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| 650 | 7 |
_aInflation _2imf |
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| 651 | 7 |
_aCzech Republic _2imf |
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| 651 | 7 |
_aHungary _2imf |
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| 651 | 7 |
_aPoland _2imf |
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| 651 | 7 |
_aSweden _2imf |
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| 651 | 7 |
_aThailand _2imf |
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| 700 | 1 | _aBulir, Ales. | |
| 700 | 1 | _aCihak, Martin. | |
| 700 | 1 | _aSmídková, Katerina. | |
| 776 | 0 | 8 |
_iPrint Version: _aCihak, Martin. _tWriting Clearly : ECB's Monetary Policy Communication _dWashington, D.C. : International Monetary Fund, 2008. _z9781451871104 |
| 830 | 0 |
_aIMF Working Papers; Working Paper ; _vNo. 08/252 |
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| 856 | 4 | 0 |
_uhttp://elibrary.imf.org/view/IMF001/09692-9781451871104/09692-9781451871104/09692-9781451871104.xml _zIMF e-Library |
| 856 | 4 | 0 |
_uhttp://www.imfbookstore.org/IMFORG/9781451871104 _zIMF Book Store |
| 999 |
_c154564 _d154564 |
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