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The Science and Art of Monetary-Policy Communication

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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.

Suggested Citation

  • Martin Èihák, 2007. "The Science and Art of Monetary-Policy Communication," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 57(11-12), pages 490-498, December.
    • Handle: RePEc:fau:fauart:v:57:y:2007:i:11-12:p:490-498
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    File URL: http://journal.fsv.cuni.cz/storage/1089_fau_11_12_2007_000000000002.pdf
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    Cited by:

    1. Emna Trabelsi, 2016. "What effects exert Economic Globalization and Central Bank Transparency on inflation of OECD countries? An Application of LSDVC Estimator on a dynamic Panel Model," Working Papers hal-01157387, HAL.

    More about this item

    Keywords

    monetary policy; communication; transparency;
    All these keywords.

    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 - - - Interest Rates: Determination, Term Structure, and Effects
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
    • 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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