Herausforderungen der geldpolitischen Kommunikation

Hendrik Hüning ()

Wirtschaftsdienst, 2016, vol. 96, issue 1, 55-59

Abstract: Since many of the most important central banks have pushed their policy rates close to the zero lower bound and have also stretched their quantitative easing measures close to their limits, central bank communication is currently the most important policy tool to influence market expectations. But, if it is such an important tool, what should an optimal communication design look like? Which aspects are important and what are the limitations of this tool? The article revisits these questions in the light of the role of monetary policy in the recent financial crisis. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2016

Keywords: E5 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/s10273-016-1925-0

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