Imperfect Central Bank Communication - Information versus Distraction

Imperfect Central Bank Communication - Information versus Distraction
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. There is a risk that the central bank can distract... READ MORE...

Publication date: March 2008
ISBN 9781451869224
$18.00

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