Series: IMF Working Papers
Author(s): Ales Bulir , Martin Cihak , and David-Jan Jansen
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 September 2014
Keywords: central bank communication, clarity, inflation reports, volatility, central bank, monetary policy, financial market, Financial Markets and the Macroeconomy, Monetary Policy (Targets, Instruments
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, a...