Through a Crystal Ball Darkly: The Future of Monetary Policy Communication

Alan Blinder

AEA Papers and Proceedings, 2018, vol. 108, 567-71

Abstract: I make six predictions about the future of central bank communication about monetary policy. Some are made with great confidence, like: transparency will increase over time. Others are far riskier, like: attempts to communicate with the general public, though laudable, will fail. I also suggest ways in which the so-called cacophony problem on monetary policy committees (speaking with too many voices) can be mitigated.

JEL-codes: E52 E58 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/pandp.20181080
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Citations: View citations in EconPapers (35)

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