{
  "title": "Clarity of Central Bank Communication About Inflation",
  "publication": "IMF Working Papers, January 1, 2012",
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  "summary": "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.",
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    {
      "heading": "Overview",
      "content": "- This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment.\n- Time coverage: 1997 to 2010.\n- Sample: communication on the inflation outlook by seven central banks.\n- Principal conclusion: \"Overall, we find no strong indications that central banks were less clear in explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis, however, did have a negative impact on clarity of central bank communication.\""
    },
    {
      "heading": "Methodology",
      "content": "- Tools used: readability statistics and content analysis.\n- Focus: clarity of communication on the inflation outlook."
    },
    {
      "heading": "Key findings",
      "content": "- No strong indications that central banks became less clear under higher uncertainty or a less favorable inflation outlook.\n- The global financial crisis had a negative impact on the clarity of central bank communication."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Banking; Communications in revenue administration; Financial crises; Global financial crisis of 2008-2009; Inflation; Inflation targeting; Monetary policy; Prices; Revenue administration.\n- Keywords: central bank communication, clarity, communication, communication clarity, Communications in revenue administration, contemporaneous inflation gap, Global, Global financial crisis of 2008-2009, inflation, inflation expectation, inflation factor, inflation outlook, inflation report, Inflation targeting, monetary policy, transparency, WP.\n\n---\n\n Content in this bundle\n\n- wp1209\n  - wp1209 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp1209 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/clarity-of-central-bank-communication-about-inflation-25607"
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    "Authors: Aleš Bulíř, David-Jan Jansen, Martin Cihak",
    "Published: January 1, 2012",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781463931148.001",
    "This paper examines whether the clarity of central bank communication about inflation has changed with the economic environment.",
    "Time coverage: 1997 to 2010.",
    "Sample: communication on the inflation outlook by seven central banks.",
    "Principal conclusion: \"Overall, we find no strong indications that central banks were less clear in explaining their policies when faced with higher uncertainty or a less favorable inflation outlook. The global financial crisis, however, did have a negative impact on clarity of central bank communication.\"",
    "Tools used: readability statistics and content analysis.",
    "Focus: clarity of communication on the inflation outlook.",
    "No strong indications that central banks became less clear under higher uncertainty or a less favorable inflation outlook.",
    "The global financial crisis had a negative impact on the clarity of central bank communication.",
    "Subject: Banking; Communications in revenue administration; Financial crises; Global financial crisis of 2008-2009; Inflation; Inflation targeting; Monetary policy; Prices; Revenue administration.",
    "Keywords: central bank communication, clarity, communication, communication clarity, Communications in revenue administration, contemporaneous inflation gap, Global, Global financial crisis of 2008-2009, inflation, inflation expectation, inflation factor, inflation outlook, inflation report, Inflation targeting, monetary policy, transparency, WP.",
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