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Optimal degrees of transparency in monetary policymaking
Jensen, Henrik - 2001
Den meisten Akademikern und politischen Entscheidungsträgern zufolge ist Transparenz in der Geldpolitik wünschenswert … der Zentralbank zu schließen, wodurch die laufende Inflation stärker auf stabilitätspolitische Maßnahmen reagiert. Dies … führt dazu, dass die Zentralbank sich eher auf die Inflation als auf die Stabilisierung der Produktionslücke konzentriert …
Persistent link: https://www.econbiz.de/10011419293
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Welfare effects of public information
Morris, Stephen; Shin, Hyun Song - 2000
Veröffentlichung von Wirtschaftsstatistiken durch Regierungsstellen und die Zentralbank immer wünschenswert? Diese Frage zieht sich wie … ein roter Faden durch die Diskussion über das Thema, inwieweit Transparenz bei der Durchführung der Geldpolitik …. Wir wollen im Rahmen eines Modells, bei dem der Prinzipal (Zentralbank) Informationen an die Akteure im privaten Sektor …
Persistent link: https://www.econbiz.de/10011418868
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Are contemporary central banks transparent about economic models and objectives and what difference does it make?
Cukierman, Alex - 2001
This paper documents the opaqueness of central banks about the economic models they use to choose policy but argues that this is largely due to the lack of consensus about the correct model of the economy within the economic profession. The latter is illustrated by contrasting three currently...
Persistent link: https://www.econbiz.de/10011419304
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Welfare effects of public information
Morris, Stephen; Shin, Hyun Song - 2000
What are the welfare effects of enhanced disclosures of public information ? Is it always the case, that frequent and timely publication of economic statistics by government agencies and the central bank are desirable ? This question has become one of several interlinked strands of debate on the...
Persistent link: https://www.econbiz.de/10001537905
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Are contemporary central banks transparent about economic models and objectives and what difference does it make?
Cukierman, Alex - 2001
This paper documents the opaqueness of central banks about the economic models they use to choose policy but argues that this is largely due to the lack of consensus about the correct model of the economy within the economic profession. The latter is illustrated by contrasting three currently...
Persistent link: https://www.econbiz.de/10001561843
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Monetary policy in an imperfect information environment
Other, Lars - 2021
Persistent link: https://www.econbiz.de/10012519676
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Central bank communication beyond expectation management: effectiveness, legitimacy, politics
Düsterhöft, Maximilian - 2021
Persistent link: https://www.econbiz.de/10012618929
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Optimal degrees of transparency in monetary policymaking
Jensen, Henrik - 2001
According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this proposition in a small theoretical model emphasizing forwardlooking private sector behavior. Transparency makes it easier for price setters to infer the central bank's future policy...
Persistent link: https://www.econbiz.de/10001558074
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Zentralbank-Kommunikation und Finanzstabilität : eine Bestandsaufnahme
Knütter, Rolf; Mohr, Benjamin - 2008
Persistent link: https://www.econbiz.de/10003795480
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The relationship between the federal funds rate and the Fed's federal funds rate target : is it open market or open mouth operations?
Thornton, Daniel L. - 2000
It is widely believed that the Fed controls the funds rate by altering the degree of pressure in the reserve market through open market operations when it changes its target for the federal funds rate. Recently, however, several economists have suggested that open market operations may not be...
Persistent link: https://www.econbiz.de/10001537906