No. And not only for the reason you think. In a world with multiple inefficiencies the single policy tool the central … terms of optimal monetary policy effectively turns the central bank into the residual claimant of all policy and gives the … other policymakers a free hand in pursuing their own goals. This further worsens the tradeoffs faced by the central bank …

developments and pay particular attention to monetary policy. The data suggests that the Central Bank of Turkey was a strong … post-2009 period the Central Bank was able to stabilize expectations and asset prices when it chose to do so, but this was …

provides an overview of the ways in which central banks have been providing more information about their monetary policymaking …

Many central banks have become more transparent during the last decade, in particular about macroeconomic prospects …. This paper shows that such economic transparency could give central banks greater flexibility to respond to macroeconomic … shocks. In particular, it allows central banks to stabilize aggregate demand and supply shocks without affecting private …

The paper analyses the effects of the monetary policy crisis management of the European Central Bank on the economic … Europe as a whole. It is shown that the monetary policy rescue measures of the European Central Bank have undermined the …

sensitive to the global output gap. This can affect the trade-offs that central banks face when managing inflation. …