economy where: (i) private agents have incomplete information and form their expectations using recursive learning algorithms … this assumption.Results in terms of stability of the equilibrium and speed of convergence of the learning process crucially … inflation and output gap projections enlarges the set of interest rate rules associated with stable equilibria under learning …

economy where (i) private agents have incomplete information and form their expectations using recursive learning algorithms … of stability of the equilibrium and speed of convergence of the learning process. In particular, while the publication of … stabilize expectations and to speed up the learning process the response of the policy instrument to inflation should be …

conducted in 2007 on the communication practices of 32 members of the Central Bank Governance Network. The questionnaire sent to …

Despite substantial differences in monetary policy and communication strategies, many central banks share the practice … of purdah, a self-imposed guideline of abstaining from communication around policy meetings or other important events … information precisely when it is sought after intensely. However, imposing such a limit to communication has often been justified …