全球智库信息集成服务系统(G2TT): DP16816 Monetary Policy Communication: Perspectives from Former Policy Makers at the ECB

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP16816
	DP16816 Monetary Policy Communication: Perspectives from Former Policy Makers at the ECB
	Michael Ehrmann; Sarah Holton; Danielle Kedan; Gillian Phelan
发表日期	2021-12-17
出版年	2021
语种	英语
摘要	This paper reports the results of a survey of former members of the Governing Council of the European Central Bank, which sought their views on monetary policy communication practices, the related challenges and the road ahead. Pronounced differences across the respondent groups are rare, suggesting that there is broad consensus on the various issues. Respondents view enhancing credibility and trust as the most important objective of central bank communication. They judge communication with financial markets and experts as extremely important and adequate, but see substantial room for improvement in the communication with the general public. The central bank objective is widely seen as the most important topic for monetary policy communication, and several respondents perceived a need for clarification of the ECB’s inflation aim, citing the ambiguity of the “below, but close to, 2%” formulation that was in place at the time of the survey.
主题	Monetary Economics and Fluctuations
关键词	monetary policy Central bank communication Survey
URL	https://cepr.org/publications/dp16816
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/545742
推荐引用方式 GB/T 7714	Michael Ehrmann,Sarah Holton,Danielle Kedan,et al. DP16816 Monetary Policy Communication: Perspectives from Former Policy Makers at the ECB. 2021.