Much of the information communicated by central banks is noisy or imperfect. This paper considers the potential benefits and limitations of central bank communications in a model of imperfect knowledge and learning. It is shown that the value of communicating imperfect information is ambiguous....

Inflation-targeting central banks have a respectable track record at explaining their policy actions and corresponding inflation outturns. Using a simple forward-looking policy rule and an assessment of inflation reports, we provide a new methodology for the empirical evaluation of consistency...

Introduction -- National disunity in an age of new human sciences -- Theorising the CPI -- Globalising technique -- Neofeudal corporatism and its discontents -- The military entertainment complex : then and now -- As we disappear -- References -- Index

1. Introduction -- 2. National disunity in an age of new human sciences -- 3. Theorising the CPI -- 4. Globalising technique -- 5. Neofeudal corporatism and its discontents -- 6. The military entertainment complex : then and now -- 7. As we disappear