Inflation uncertainty and unemployment uncertainty: Why transparency about monetary policy targets matters

Disclosure of monetary policy targets reduces unemployment uncertainty at the expense of higher inflation uncertainty, thereby posing a dilemma for monetary policymakers.

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Year of publication:	2012
Authors:	Sánchez, Marcelo
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 1, p. 119-122
Publisher:	Elsevier
Subject:	Central bank transparency \| Wage setting \| Monetary policy targets

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Type of publication:	Article
Classification:	E24 - Employment; Unemployment; Wages ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; J51 - Trade Unions: Objectives Structure, and Effects
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011041592