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The Science and Art of Monetary-Policy Communication

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Author Info
Martin Čihák () (International Monetary Fund)

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Abstract

Central banks put much more emphasis on monetary-policy communication now than they did only about a decade ago. This introduction to the special issue on monetary-policy communication provides an overview of the articles in the journal and puts them into perspective. It notes that despite the trend towards “scientization” of monetary policy, good communication is still very much a combination of art and science.

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File URL: http://journal.fsv.cuni.cz/storage/1089_fau_11_12_2007_000000000002.pdf
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Publisher Info
Article provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance.

Volume (Year): 57 (2007)
Issue (Month): 11-12 (December)
Pages: 490-498
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Handle: RePEc:fau:fauart:v:57:y:2007:i:11-12:p:490-498

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Related research
Keywords: monetary policy; communication; transparency;

Find related papers by JEL classification:
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Determination of Interest Rates; Term Structure of Interest Rates
E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation
E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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This page was last updated on 2009-12-12.

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