Bank of Israel’s communication more accessible than Fed’s and ECB’s – research
The policy communication of the Bank of Israel is easier to understand than that of the Fed and the European Central Bank, says research published by the Israeli central bank.
In Measuring communication quality in the Bank of Israel’s interest rate announcements, Jonathan Benchimol and Itamar Caspi analyse the Bank of Israel’s interest rates announcements from 2007–18.
“We find that understanding the texts requires a high level of education, although significantly lower than what is necessary
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Communication
RBNZ’s Orr backs use of indigenous language
Governor defends services in Māori as new government vows to cut use of indigenous language
UK financial institutions are ‘global public good’, says Bailey
BoE governor warns against fragmentation, criticises Brexit and discounts rate cuts
‘Conceptual complexity’ has risen in BoE publications, research finds
Conceptual complexity plays central role in expectations, understanding and trust, authors find
Fiscal policy may complicate fight against inflation, says Macklem
Bank of Canada governor warns projected spending may ‘not be helpful’ for monetary policy
Colombia’s Acosta says early cuts ‘a big risk’
Statement to Bloomberg contradicts wishes of president and much of business community
Riksbank’s Flodén says inflationary pressures are too high
Weak krona may explain higher price increases, says deputy governor
Brazil board united on continuing easing with 50bp cuts
Deputy governor says “there is no predefined target for Selic” rate
Federal Reserve Board joins Instagram and Threads
Move to social media platforms follows those by regional Feds and other central banks