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Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence

Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - de Nederlandsche Bank - 2008

Over the last two decades, communication has become an increasingly importantaspect of monetary policy. These real-world developments have spawned a huge newscholarly literature on central bank communicationmostly empirical, and almost all of it written in this decade. We survey this...

Persistent link: https://www.econbiz.de/10005106644

Central Bank Independence and Credibility During and After a Crisis

Blinder, Alan S. - Griswold Center for Economic Policy Studies, Department … - 2012

Unlike my distinguished fellow panelists, I am not the head of a central bank. So I take my marching orders from the conference organizers. In this case, they asked me to ruminate on the extent to which central banks’ independence and credibility have been affected by their actions during the...

Persistent link: https://www.econbiz.de/10010720745

How Central Should the Central Bank Be?

Blinder, Alan S. - Griswold Center for Economic Policy Studies, Department … - 2010

About six years ago, I published a small book entitled The Quiet Revolution (Blinder 2004). Though its subtitle was Central Banking Goes Modern, I never imagined the half of it. Since March 2008, the Federal Reserve has gone post-modern with a bewildering variety of unprecedented actions that...

Persistent link: https://www.econbiz.de/10010720753

The Great Inflation : The Rebirth of Modern Central Banking

Beyer, Andreas (contributor); Blinder, Alan S. (contributor) - 2013

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy … allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of … the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing …