The design and communication of systematic monetary policy strategies

Andrew Levin ()

Journal of Economic Dynamics and Control, 2014, vol. 49, issue C, 52-69

Abstract: The efficacy of central bank communications is inextricably linked to the characteristics of the monetary policy framework. Therefore, this paper presents a set of fundamental principles regarding the joint design of monetary policy strategy and communications. The practical implications of these principles are illustrated by considering a number of significant policy challenges faced by central banks in the advanced economies.

Keywords: Central Bank independence; Inflation targeting; Simple monetary policy rules (search for similar items in EconPapers)
JEL-codes: E24 E32 E52 E58 J21 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:dyncon:v:49:y:2014:i:c:p:52-69

DOI: 10.1016/j.jedc.2014.09.004

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