Writing Clearly: The ECB's Monetary Policy Communication (original) (raw)

Profile image of Ales BulirAles Bulir

2008

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23 pages

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Abstract 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 identifies the ECB's written communication as clear in about 85–95% of instances, which is comparable with, or better than, similar results available for other central banks.