Measuring Communication Quality of Interest Rate Announcements
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arXiv
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| Main Authors: | , , |
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| Format: | Preprint |
| Published: |
2025
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| _version_ | 1866912425171746816 |
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| author | Benchimol, Jonathan Caspi, Itamar Kazinnik, Sophia |
| author_facet | Benchimol, Jonathan Caspi, Itamar Kazinnik, Sophia |
| contents | We use text-mining techniques to measure the accessibility and quality of information within the texts of interest rate announcements published by the Bank of Israel over the past decade. We find that comprehension of interest rate announcements published by the Bank of Israel requires fewer years of education than interest rate announcements published by the Federal Reserve and the European Central Bank. In addition, we show that the sentiment within these announcements is aligned with economic fluctuations. We also find that textual uncertainty is correlated with the volatility of the domestic financial market. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2506_09868 |
| institution | arXiv |
| publishDate | 2025 |
| record_format | arxiv |
| spellingShingle | Measuring Communication Quality of Interest Rate Announcements Benchimol, Jonathan Caspi, Itamar Kazinnik, Sophia General Economics Economics We use text-mining techniques to measure the accessibility and quality of information within the texts of interest rate announcements published by the Bank of Israel over the past decade. We find that comprehension of interest rate announcements published by the Bank of Israel requires fewer years of education than interest rate announcements published by the Federal Reserve and the European Central Bank. In addition, we show that the sentiment within these announcements is aligned with economic fluctuations. We also find that textual uncertainty is correlated with the volatility of the domestic financial market. |
| title | Measuring Communication Quality of Interest Rate Announcements |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2506.09868 |