We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure … Flesch-Kincaid grade level, a standard readability measure. We find some evidence, mainly for the euro area, of a negative … relationship between clarity and market volatility prior to and during the early stage of the global financial crisis. As the …

whether the clarity of central bank communication affects volatility in financial markets. There are three key results. First …, when clarity matters, the results are unequivocal: clarity diminishes volatility. Second, clarity of communication matters … mostly for volatility of medium-term interest rates. Third, the effects of clarity vary over time. Clarity mattered …

paper I show that first-best regulation also leads to more attention for the fundamentals of countries to which capital is …

paper I show that first-best regulation also leads to more attention for the fundamentals of borrowing countries. …

. Both the probability of entering the crisis regime, and the expected depreciation and volatility in this regime depend on …

show that aggregate portfolio volatility is lower and returns are higher for investors from low home biased source …