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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Year of publication:	2007
Authors:	Wagner, Helmut
Publisher:	Vienna : SUERF - The European Money and Finance Forum
Subject:	Geldpolitik \| Information \| Politische Kommunikation \| Risiko \| Theorie \| central banks \| communication policy \| institutional design \| uncertainty \| microfoundation

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Series:	SUERF Studies ; 2007/1
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Research Report
Language:	English
ISBN:	978-3-902109-36-1
Other identifiers:	896006026 [GVK] hdl:10419/163476 [Handle] RePEc:erf:erfstu:44 [RePEc]
Classification:	E52 - Monetary Policy (Targets, Instruments, and Effects) ; E58 - Central Banks and Their Policies
Source:	EconStor

Persistent link: https://www.econbiz.de/10011689928