Monetary Policy Committees, Learning and Communication

Monetary Policy Committees, Learning and Communication
This paper considers optimal communication by monetary policy committees in a model of imperfect knowledge and learning. The main policy implications are that there may be costs to central bank communication if the public is perpetually learning about the committee's decision-making process and policy preferences. When committee members have... READ MORE...

Publication date: April 2010
ISBN 9781451982633
$18.00

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