Inflation uncertainty and unemployment uncertainty: Why transparency about monetary policy targets matters

Marcelo Sánchez

Economics Letters, 2012, vol. 117, issue 1, 119-122

Abstract: Disclosure of monetary policy targets reduces unemployment uncertainty at the expense of higher inflation uncertainty, thereby posing a dilemma for monetary policymakers.

Keywords: Central bank transparency; Wage setting; Monetary policy targets (search for similar items in EconPapers)
JEL-codes: E24 E52 J51 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:1:p:119-122

DOI: 10.1016/j.econlet.2012.05.008

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