Gersbach, Hans; Hahn, Volker - 2008 - This version: April 2008
inclinations, signaling
JEL: E58, D70.
∗We would like to thank Alex Cukierman, Stefan Gerlach, Oliver Grimm, Heinz Hermann, Anne … addition, signaling costs will occur. Such costs arise because the interest-rate path
desired by the central bank may not …’ Transparency. Working
Paper, University of Heidelberg, 1998.
Hans Gersbach and Volker Hahn. Signaling and Commitment: Monetary …