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We examine howthe verbal complexity of ECB communications affectsfi-nancial market trading based on high-frequency data fromEuropean stock index futures trading. Studying the 34 events between May 2009 and June 2017, during which the ECB Governing Council press conferences covered unconventional...
Persistent link: https://www.econbiz.de/10012039675
of central bank communication has increased over time. Employing readability measures as proxy variables, we find that …
Persistent link: https://www.econbiz.de/10014472794
Using novel data on speeches held by members of the European Central Bank's Executive Board, we investigate whether monetary policy transparency has increased over time. With respect to the general public as the target audience, our findings suggest that the European Central Bank successfully...
Persistent link: https://www.econbiz.de/10012432818
computational linguistic measures are useful indicators of readability of patents, we suggest that the disclosure function of …
Persistent link: https://www.econbiz.de/10012291859
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characteristics of the bills in the case of the 10-year yields as a lower readability partly offsets the negative relationship for up … offsetting evidence, but only for a part of the readability measures employed in this paper. …
Persistent link: https://www.econbiz.de/10013417423
Persistent link: https://www.econbiz.de/10013263144
characteristics of the bills in the case of the 10-year yields as a lower readability partly offsets the negative relationship for up … offsetting evidence, but only for a part of the readability measures employed in this paper. …
Persistent link: https://www.econbiz.de/10013426525
requirement are objective, and its compliance is easily verifiable; readability, however, is subjective and difficult to enforce … firms. We use text-as-data techniques to construct measures of disclosure and readability and show that firms increased the … disclosure volume, but the readability of their privacy policies did not improve. Larger firms in concentrated industries …
Persistent link: https://www.econbiz.de/10014504790