 | Inflation Targeting and Communication : It Pays Off to Read Inflation Reports Author/Editor: Katerina Smídková, Viktor Kotlán, David Navrátil, Ales Bulir. Release Date:October, 2008 Inflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding inflation outturns. Using a simple forward-looking policy rule and an assessment more...
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| Writing Clearly : ECB’s Monetary Policy Communication Author/Editor: Martin Cihak, Katerina Smídková, Ales Bulir. Release Date:October, 2008 The 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 more...
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