Information and Uncertainty in the Theory of Monetary Policy

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.

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Authors:	Wagner, Helmut
Other Persons:	Balling, Morten (contributor)
Institutions:	SUERF - The European Money and Finance Forum
Subject:	central banks \| communication policy \| institutional design \| uncertainty \| microfoundation
Published items:	1 hits in RePEc - Research Papers in Economics

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Extent:	application/pdf
Series:	SUERF Studies.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The price is Free of charge for members, 40 euro for non-members Number 2007/1
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005018008