Cihák, Martin; Smídková, Katerina; Bulir, Ales - International Monetary Fund (IMF) - 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 ECB's written communication as clear about 95 percent of instances, which is comparable to, or even...
