Communication, credibility, and price stability: lessons learned from Japan

Owen Humpage

Economic Commentary, 2012, issue July

Abstract: Over the past couple of decades, central banks have been taking steps to increase the transparency of their monetary policies through clearer communications with the public. While there are many differences between the economic challenges Japan has been struggling with in the past decade and those facing U.S. and European central bankers now, we can learn a great deal about combating deflation from Japan?s experiences.

Keywords: Deflation (Finance); Bank of Japan; Price indexes (search for similar items in EconPapers)
Date: 2012
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