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-term benefits-with unpleasant consequences for the efficiency of the eurozone transmission mechanism. The criterion is also …
Persistent link: https://www.econbiz.de/10014400367
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....
Persistent link: https://www.econbiz.de/10014396893
The Great Recession affected export and import patterns in our sample countries, and these changes, coupled with a more volatile external environment, have profound impact on our estimates of real exchange rate misalignments and projections of sustainable real exchange rates. We find that real...
Persistent link: https://www.econbiz.de/10014398417