Central bank communication and monetary policy
Subtitle: a survey of theory and evidence
By: Alan S. Blinder ... [et al.].
Contributors: Blinder, Alan S.; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 13932; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 13932.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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 to move 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"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/1/2008.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.