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In recent years central bankers have placed new emphasis on communication with financial markets and the general public … increased central bank communication. - Contributors offer theoretical analyses of the effect of central bank communication on … communication, decision making, and governance practices of the Greenspan-era U.S. Federal Reserve, the fledgling European Central …
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Central banks around the world have a reputation for being secretive about their operations and market assessments. It is sometimes argued that central banks need flexibility and therefore cannot be fully transparent. We find that this explanation does not carry through in a forward-looking New...
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