01840cas a2200265 a 4500 AALejournalIMF014732 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498392914 1018-5941 BD-DhAAL BD-DhAAL Bulir, Ales. Does the Clarity of Inflation Reports Affect Volatility in Financial Markets? / Ales Bulir, Martin Cihak, David-Jan Jansen. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, and Sveriges Riksbank using the 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 crisis unfolded, there is no longer robust evidence of a negative connection. We conclude that reducing noise using clear reports is possible but not without challenges, especially in times of crisis. Mode of access: Internet Cihak, Martin. Jansen, David-Jan. IMF Working Papers; Working Paper ; No. 2014/175 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/175/001.2014.issue-175-en.xml IMF e-Library