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Central bank communication ...

Central bank communication and monetary policy : a survey of theory and evidence

Blinder, Alan S.

European Central Bank 2008

Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real-world developments have spawned a huge new scholarly literature on central bank communication-mostly empirical, and almost all of it written in this decade. We survey this ever-growing literature. The evidence suggests that communication can be an important and powerful part of the central bank's toolkit since it has the ability tomove financial markets, to enhance the predictability of monetary policy decisions, and potentially to help achieve central banks' macroeconomic objectives. However, the large variation in communication strategies across central banks suggests that a consensus has yet to emerge on what constitutes an optimal communication strategy

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analitica Rebiun26634045 https://catalogo.rebiun.org/rebiun/record/Rebiun26634045 m d cr cnunnnauuau 080909s2008 gw rt 000 0 eng c ES-LeU Central bank communication and monetary policy a survey of theory and evidence by Alan S. Blinder... [et al.] Frankfurt am Main European Central Bank 2008 Frankfurt am Main Frankfurt am Main European Central Bank 55 p. 30 cm 55 p. Working paper series / European Central Bank ISSN 1561-0810 898 Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real-world developments have spawned a huge new scholarly literature on central bank communication-mostly empirical, and almost all of it written in this decade. We survey this ever-growing literature. The evidence suggests that communication can be an important and powerful part of the central bank's toolkit since it has the ability tomove financial markets, to enhance the predictability of monetary policy decisions, and potentially to help achieve central banks' macroeconomic objectives. However, the large variation in communication strategies across central banks suggests that a consensus has yet to emerge on what constitutes an optimal communication strategy Texto completo disponible también en Internet, en formato PDF Blinder, Alan S. Banco Central Europeo Working paper series (Banco Central Europeo)

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analitica Rebiun26634045 https://catalogo.rebiun.org/rebiun/record/Rebiun26634045 m d cr cnunnnauuau 080909s2008 gw rt 000 0 eng c ES-LeU Central bank communication and monetary policy a survey of theory and evidence by Alan S. Blinder... [et al.] Frankfurt am Main European Central Bank 2008 Frankfurt am Main Frankfurt am Main European Central Bank 55 p. 30 cm 55 p. Working paper series / European Central Bank ISSN 1561-0810 898 Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real-world developments have spawned a huge new scholarly literature on central bank communication-mostly empirical, and almost all of it written in this decade. We survey this ever-growing literature. The evidence suggests that communication can be an important and powerful part of the central bank's toolkit since it has the ability tomove financial markets, to enhance the predictability of monetary policy decisions, and potentially to help achieve central banks' macroeconomic objectives. However, the large variation in communication strategies across central banks suggests that a consensus has yet to emerge on what constitutes an optimal communication strategy Texto completo disponible también en Internet, en formato PDF Blinder, Alan S. Banco Central Europeo Working paper series (Banco Central Europeo)