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Towards more clarity in central bank communication
[Vers plus de clarté dans la communication des banques centrales]

Author

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  • Sylvérie Herbert
  • Klodiana Istrefi
  • Giulia Sestieri

Abstract

Central banks are shifting toward greater clarity in communicating their policy decisions, as reflected in simpler and engaging versions of monetary policy statements. We show that while the policy statements of the ECB, the Fed and the Bank of England are complex and cover several topics, their simplified versions focus on the main challenges for the general public (currently inflation). Les banques centrales évoluent vers plus de clarté dans la communication de leurs décisions, avec des versions plus simples et attrayantes des déclarations de politique monétaire. Même si les déclarations de politique monétaire de la BCE, de la Fed et de la Banque d’Angleterre sont complexes et couvrent plusieurs thèmes, leurs versions simplifiées se concentrent sur les principaux défis pour le grand public (actuellement l’inflation).

Suggested Citation

  • Sylvérie Herbert & Klodiana Istrefi & Giulia Sestieri, . "Towards more clarity in central bank communication [Vers plus de clarté dans la communication des banques centrales]," Eco Notepad (in progress), Banque de France.
    • Handle: RePEc:bfr:econot:314
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    File URL: https://www.banque-france.fr/fr/publications-et-statistiques/publications/vers-plus-de-clarte-dans-la-communication-des-banques-centrales
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