Proces učení a transparentnost centrální banky

Learning Process and Transparency of Central Bank

Tomáš Holinka

Politická ekonomie, 2010, vol. 2010, issue 4, 458-470

Abstract: Learning process is a new approach of filling the gap between adaptive expectations and rational expectations. Private agents are learning new information and adjust their expectation about the inflation and output gap. Central bank transparency is one of the key factors of learning by private agents. However the learning process is also very important aspect for central bankers to improve their credibility.

Keywords: rational expectations; learning process; transparency of central bank (search for similar items in EconPapers)
JEL-codes: E44 E52 E58 (search for similar items in EconPapers)
Date: 2010
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DOI: 10.18267/j.polek.741

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