IDEAS home Printed from https://ideas.repec.org/p/sti/wpaper/019-2007.html
   My bibliography  Save this paper

Representations of knowledge in monetary policy processes: a discursive perspective

Author

Listed:
  • Dana Gabor

    (SCEME, University of Stirling)

Abstract

Exploring knowledge in monetary policy process stands to benefit by departing from conceptualizing knowledge as an objective depiction of reality, a neutral language of science underpinning technocratic policy-making. This paper proposes a postpositivist perspective, approaching knowledge production as a process of struggle over truth claims which structures policy action by establishing boundaries for policy choices. To contextualize the mechanisms of knowledge generation, it explores the adoption by the National Bank of Romania of a new policy framework, Inflation Targeting, in August 2005. This allows a mapping of the knowledge agenda, the knowing subjects allowed to participate in policy talk and avenues for contesting truth claims.

Suggested Citation

  • Dana Gabor, 2007. "Representations of knowledge in monetary policy processes: a discursive perspective," SCEME Working Papers: Advances in Economic Methodology 019/2007, SCEME.
  • Handle: RePEc:sti:wpaper:019/2007
    as

    Download full text from publisher

    File URL: http://www.sceme.org.uk/wps/SCEME019_Gabor_2007.pdf
    Download Restriction: no

    More about this item

    Keywords

    discourse analysis; MPC; monetary policy;

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • Z1 - Other Special Topics - - Cultural Economics

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sti:wpaper:019/2007. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Matthias Klaes). General contact details of provider: http://edirc.repec.org/data/scemeuk.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.