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...

Ziel der Untersuchung ist es zu zeigen, in welchem Ausmaß die Inflationsrate in der Tschechischen Republik durch das Wachstum der Geldmenge beziehungsweise durch die Entwicklung der Löhne und der Arbeitsproduktivität beeinflußt worden ist. Die Verfasser stellen zunächst die Bewegung der...

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....

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....