Dissent affects size but not clarity of minutes – paper

The Netherlands Bank

Dissent at monetary policy meetings leads to longer minutes, but does not impact their readability, research published by The Netherlands Bank finds.

In Communicating dissent on monetary policy: evidence from central bank minutes, David-Jan Jansen and Richhild Moessner study minutes published by the rate-setting bodies of the Bank of England, Bank of Japan, Federal Reserve and Sveriges Riksbank.

The authors use the log of the file size as a measure of information content of the minutes, and the

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