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Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers' Preferences and Outcomes

Cecchetti, Stephen G. - 1999

Aggregate shocks that move output and inflation in opposite directions create a tradeoff between output and inflation variability, forcing central bankers to make a choice. Differences in the degree of accommodation of shocks lead to disparate variability outcomes, revealing national central...

Persistent link: https://www.econbiz.de/10012471355

Central Bank Communication and Monetary Policy : A Survey of Theory and Evidence

Blinder, Alan S. - 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 …

Persistent link: https://www.econbiz.de/10012464715

Necessity as the Mother of Invention : Monetary Policy after the Crisis

Blinder, Alan S. - 2016

evidence from two surveys--one of central bank governors, the other of academic specialists. We find that central banks in …

Persistent link: https://www.econbiz.de/10012455945