Striving to Be 'Clearly Open' and 'Crystal Clear' : Monetary Policy Communication of the CNB

The Czech National Bank has a respectable track record in terms of its policy actions and the corresponding inflation outturns. Using a simple forward-looking policy rule, we find that its main communication tools-inflation targets, inflation forecasts, verbal assessments of the inflation risks contained in quarterly inflation reports, and the voting within the CNB Board-provided a clear message in about three out of every four observations in our 2001-2005 sample

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Year of publication:	[2008]
Authors:	Smídková, Katerina
Other Persons:	Bulíř, Aleš (contributor)
Publisher:	[2008]: [S.l.] : SSRN
Subject:	Geldpolitik \| Monetary policy \| Zentralbank \| Central bank \| Clearing \| Financial clearing \| Politische Kommunikation \| Political communication

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Extent:	1 Online-Ressource (24 p)
Series:	IMF Working Papers, Vol. , pp. 1-22, 2008
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2008 erstellt
Other identifiers:	10.2139/ssrn.1119424 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012772123