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

  • Jansen, David-Jan

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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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
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Geraats, P.M., 2005. "The Mystique of Central Bank Speak," Cambridge Working Papers in Economics 0543, Faculty of Economics, University of Cambridge.
  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. Blinder, Alan S. & Ehrmann, Michael & de Haan, Jakob & Fratzscher, Marcel & Jansen, David-Jan, 2008. "Central Bank communication and monetary policy: a survey of theory and evidence," Working Paper Series 0898, European Central Bank.
  4. Petra M. Geraats, 2002. "Central Bank Transparency," Economic Journal, Royal Economic Society, vol. 112(483), pages 532-565, November.
  5. van der Cruijsen, Carin & Jansen, David-Jan & de Haan, Jakob, 2010. "How much does the public know about the ECB's monetary policy? Evidence from a survey of Dutch households," Working Paper Series 1265, European Central Bank.
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