Central Bank Communication, Decision Making, and Governance

Central Bank Communication, Decision Making, and Governance Issues, Challenges, and Case Studies - CESifo Seminar Series

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Publisher's Synopsis

Experts analyze the recent emphasis on central communication as an additional policy and accountability device.

In recent years central bankers have placed new emphasis on communication with financial markets and the general public. They have done this not only through the traditional channel of monetary policy pronouncements but also by increasing the quantity of information they make public. Yet as central banks strive to provide more and clearer information about the outlook for the economy, they must balance their capacity to steer economic expectations with their natural caution about committing to future monetary policy paths. This volume offers a variety of perspectives on the economic implications of increased central bank communication.

Contributors offer theoretical analyses of the effect of central bank communication on the general macroeconomic environment; consider a variety of novel empirical approaches to the issue; and analyze communication, decision making, and governance practices of the Greenspan-era U.S. Federal Reserve, the fledgling European Central Bank, and a variety of smaller central banks, including those of the Czech Republic, Sweden, England, and New Zealand.

Helge Berger, Michelle Bligh, Marianna Blix-Grimaldi, Aleš Bulìr, Robert Chirinko, Martin Cihák, Christopher Curran, Paul De Grauwe, Jakob de Haan, Michael Ehrmann, Marcel Fratzscher, Petra Geraats, Gregory Hess, Roman Horváth, David-Jan Jansen, Özer Karagedikli, Michael Lamla, David Mayes, Alberto Montagnoli, Pierre L. Siklos, Katerina Šmìdková, Jan-Egbert Sturm, Jan Zápal

Book information

ISBN: 9780262018937
Publisher: The MIT Press
Imprint: The MIT Press
Pub date:
DEWEY: 332.110684
DEWEY edition: 23
Language: English
Number of pages: vi, 318
Weight: 568g
Height: 234mm
Width: 161mm
Spine width: 27mm