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Communication, credibility, and price stability: lessons learned from Japan

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  • Owen F. Humpage

Abstract

Over the past couple of decades, central banks have been taking steps to increase the transparency of their monetary policies through clearer communications with the public. While there are many differences between the economic challenges Japan has been struggling with in the past decade and those facing U.S. and European central bankers now, we can learn a great deal about combating deflation from Japan?s experiences.

Suggested Citation

  • Owen F. Humpage, 2012. "Communication, credibility, and price stability: lessons learned from Japan," Economic Commentary, Federal Reserve Bank of Cleveland, issue July.
    • Handle: RePEc:fip:fedcec:y:2012:i:july2:n:2012-9
    DOI: 10.26509/frbc-ec-201209
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