Communication and Monetary Policy

Stephen Morris (), Jeffery D. Amato () and Hyun Song Shin ()
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Jeffery D. Amato: Bank for International Settlements (BIS)
Hyun Song Shin: University of London, London School of Economics & Political Science (LSE), Department of Accounting and Finance

Yale School of Management Working Papers from Yale School of Management

Abstract: One role of monetary policy is to coordinate expectations in the economy and greater transparency of monetary policy may lead to greater coordination. But if transparent monetary policy helps coordinate expectations, then it must also magnify mistakes.

JEL-codes: E5 C7 (search for similar items in EconPapers)
Date: 2004-07-28
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Related works:
Working Paper: Communication and monetary policy (2003)
Working Paper: Communication and Monetary Policy (2003)
Working Paper: Communication and Monetary Policy (2003)
Journal Article: Communication and Monetary Policy (2002)
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Persistent link: http://EconPapers.repec.org/RePEc:ysm:somwrk:ysm345

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