In 1994 the FOMC began to release statements after each meeting. This paper investigates whether the public’s views about the current path of the economy and of future policy have been affected by changes in the Federal Reserve’s communications policy as reflected in private sector’s...

Fiscal policy is at the very core of the profound economic transformation under way in Latin America. While price stabilization and liberalizing reforms have placed regional economies in a much more competitive position over the past two decades, the need for additional reform efforts-so-called...