Has the Financial Crisis Permanently Changed the Practice of Monetary Policy? Has It Changed the Theory of Monetary Policy?

Benjamin M. Friedman

By contrast, forward guidance on the future trajectory of monetary policy has been less successful. Public statements by central banks about their actions and intentions will no doubt continue, but transparency for the sake of transparency is not the same as the deliberate attempt to shape market expectations for purposes of achieving specific monetary policy objectives

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Year of publication:	May 2014
Authors:	Friedman, Benjamin M.
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Theorie \| Theory \| Geldpolitik \| Monetary policy \| Finanzkrise \| Financial crisis \| Politische Kommunikation \| Political communication \| Offenmarktpolitik \| Open market operations

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w20128
Type of publication:	Book / Working Paper
Language:	English
Notes:	System requirements: Adobe [Acrobat] Reader required for PDF files Mode of access: World Wide Web Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w20128 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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