Learning Process and Transparency of Central Bank

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.

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Year of publication:	2010
Authors:	Holinka, Tomáš
Published in:	Politická ekonomie. - Vysoká Škola Ekonomická v Praze, ISSN 0032-3233. - Vol. 2010.2010, 4, p. 458-470
Publisher:	Vysoká Škola Ekonomická v Praze
Subject:	rational expectations \| learning process \| transparency of central bank

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Extent:	text/html
Type of publication:	Article
Language:	Czech
Classification:	E44 - Financial Markets and the Macroeconomy ; 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/10008564640