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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w13932 |
来源ID | Working Paper 13932 |
Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence | |
Alan S. Blinder; Michael Ehrmann; Marcel Fratzscher; Jakob De Haan; David-Jan Jansen | |
发表日期 | 2008-04-10 |
出版年 | 2008 |
语种 | 英语 |
摘要 | 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. |
主题 | Macroeconomics ; Monetary Policy |
URL | https://www.nber.org/papers/w13932 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571606 |
推荐引用方式 GB/T 7714 | Alan S. Blinder,Michael Ehrmann,Marcel Fratzscher,et al. Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence. 2008. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w13932.pdf(278KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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