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Public Communication and Information Acquisition
Chahrour, Ryan - Department of Economics, Boston College - 2012
coordination, the number of signals they acquire may decrease in the number released. The optimal quantity of communication is … useful information and the risk of overwhelming it with excessive communication. An information authority chooses how many …
Persistent link: https://www.econbiz.de/10010938553
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Rational Inattention to News: The Perils of Forward Guidance.
Gaballo, G. - Banque de France - 2013
effects, whereas the notion of "tight enough" remains invariant. In this sense, efficient communication requires effective …
Persistent link: https://www.econbiz.de/10010815968
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China’s evolving reserve requirements
Ma, Guonan; Xiandong, Yan; Xi, Liu - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2011
This paper examines the evolving role of reserve requirements as a policy tool in China. Since 2007, the Chinese central bank (PBC) has relied more on this tool to withdraw domestic liquidity surpluses, as a cheaper substitute for open-market operation instruments in this period of rapid FX...
Persistent link: https://www.econbiz.de/10009645240
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The Monetary Policy’s Impact on the Inflationary Process of the Romanian Economy
Violeta, Drãgoi Elena; Mariana, Constantinescu Lucretia; … - In: Ovidius University Annals, Economic Sciences Series XII (2012) 2, pp. 387-391
The economic growth and the research of the inflation, as objectives of the monetary policy of a country, are a major problem for all the monetary authorities of all countries and a priority for economic analyses from different times. The fact that in the 20th century, all countries have known...
Persistent link: https://www.econbiz.de/10010675579
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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
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Structural Uncertainty and Central Bank Conservatism: The Ignorant Should Keep Their Eyes Shut
Rosal, Joao Mauricio; Spagat, Michael - C.E.P.R. Discussion Papers - 2002
We study the problem of a central bank whose policy actions simultaneously affect the information flow about its expectations-augmented Phillips curve and its reputation for toughness in fighting inflation. In an environment with an unknown relationship between inflation surprises and output,...
Persistent link: https://www.econbiz.de/10005497983
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The monetary policy of the ECB and automatic stabilizers: will they work?
Ylä-Liedenpohja, Jouko; Osman, Jack - In: CESifo Forum 3 (2002) 4, pp. 31-32
Persistent link: https://www.econbiz.de/10004998726
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Coping with People's Inflation Perceptions during a Currency Changeover
Eife, Thomas A.; Coombs, W. Timothy - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2007
’s inflation misperceptions could have been avoided. Using principles of crisis communication, we identify the mistakes made and …
Persistent link: https://www.econbiz.de/10005150958
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The Role of Transparency in the Conduct of Monetary Policy
Minegishi, Makoto; Cournède, Boris - Economics Department, Organisation de Coopération et … - 2009
characterising the conduct of monetary policy. Detailed analysis of eleven OECD central banks shows that communication practices have … general trend toward increased transparency, however, central banks differ in actual communication practices. There is a … particular divergence with respect to transparency in the decision-making process and communication regarding future policy …
Persistent link: https://www.econbiz.de/10008498035
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XXI Century. The Age of Great Challenges. The Problem of “Us” and the “Others” - Il XXI secolo: l’era delle grandi sfide. Il problema di “noi” e gli “altri”
Reviglio, Edoardo - In: Economia Internazionale / International Economics 67 (2014) 1, pp. 55-76
The aim of this paper is to discuss some of the great challenges that will characterize the XXI Century. In the background we consider the problem of the relationship between “Us” and the “Others”, that is how to reconcile the power of Western universalism with the multitudes of other...
Persistent link: https://www.econbiz.de/10010991486