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Mumbling with great incoherence: Was it really so difficult to understand Alan Greenspan?

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  • Jansen, David-Jan

Abstract

We show how most Humphrey-Hawkins testimonies by Paul Volcker and Alan Greenspan were difficult to follow, implying the general public needs information through different, more accessible communications. Still, it is not obvious that Greenspan was increasingly 'mumbling with great incoherence'.

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File URL: http://www.sciencedirect.com/science/article/pii/S0165176511002114
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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 113 (2011)
Issue (Month): 1 (October)
Pages: 70-72

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Handle: RePEc:eee:ecolet:v:113:y:2011:i:1:p:70-72

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Central bank communication Readability Greenspan Transparency;

References

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  1. Petra M. Geraats, 2007. "The Mystique of Central Bank Speak," International Journal of Central Banking, International Journal of Central Banking, vol. 3(1), pages 37-80, March.
  2. Eijffinger, Sylvester C W & Geraats, Petra M, 2002. "How Transparent are Central Banks?," CEPR Discussion Papers 3188, C.E.P.R. Discussion Papers.
  3. Alan S. Blinder & Michael Ehrmann & Marcel Fratzscher & Jakob De Haan & David-Jan Jansen, 2008. "Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 46(4), pages 910-45, December.
  4. Petra M. Geraats, 2002. "Central Bank Transparency," Economic Journal, Royal Economic Society, vol. 112(483), pages 532-565, November.
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Cited by:
  1. Ales Bulir & David-Jan Jansen & Martin Cihák, 2012. "Clarity of Central Bank Communication About Inflation," IMF Working Papers 12/9, International Monetary Fund.

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