Blinder, Alan S.; Ehrmann, Michael; Fratzscher, Marcel; … - Griswold Center for Economic Policy Studies, Department … - 2008
-world developments have spawned a huge new scholarly literature on central bank communication—mostly empirical, and almost all of it … and powerful part of the central bank’s toolkit since it has the ability to move financial markets, to enhance the … predictability of monetary policy decisions, and potentially to help achieve central banks’ macroeconomic objectives. However, the …