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News management in monetary policy : when central banks should talk to the government

Berger, Helge; Thum, Marcel - In: German economic review 1 (2000) 4, pp. 465-493

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Is transparency about central bank plans desirable

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News Management in Monetary Policy : When Central Banks Should Talk to the Government

Berger, Helge; Thum, Marcel P. - 2001

The literature on central banking so far has provided explanations of why we observe independent central banks and why central banks are usually more conservative than governments. However, little is known about the interaction between the two institutions. Bridging the gap, we focus on the...

Persistent link: https://www.econbiz.de/10014136611