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Proces učení a transparentnost centrální banky
[Learning Process and Transparency of Central Bank]

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  • Tomáš Holinka

Abstract

Learning process is a new approach of filling the gap between adaptive expectations and rational expectations. Private agents are learning new information and adjust their expectation about the inflation and output gap. Central bank transparency is one of the key factors of learning by private agents. However the learning process is also very important aspect for central bankers to improve their credibility.

Suggested Citation

  • Tomáš Holinka, 2010. "Proces učení a transparentnost centrální banky [Learning Process and Transparency of Central Bank]," Politická ekonomie, Prague University of Economics and Business, vol. 2010(4), pages 458-470.
    • Handle: RePEc:prg:jnlpol:v:2010:y:2010:i:4:id:741:p:458-470
    DOI: 10.18267/j.polek.741
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    References listed on IDEAS

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    More about this item

    Keywords

    rational expectations; learning process; transparency of central bank;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • 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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