Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/163476
Authors: 
Wagner, Helmut
Year of Publication: 
2007
Series/Report no.: 
SUERF Studies 2007/1
Abstract: 
Theory and practice of monetary policy have changed significantly over the past three decades. A very important part of today's monetary policy is management of the expectations of private market participants. Publishing and justifying the central bank's best forecast of inflation, output, and the instrument rate is argued to be the most effective way to manage those expectations.
Subjects: 
central banks
communication policy
institutional design
uncertainty
microfoundation
JEL: 
E52
E58
ISBN: 
978-3-902109-36-1
Document Type: 
Research Report

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.