Monetary policy decision-making and communication under high uncertainty

Bank for International Settlements

No 163 in BIS Papers from Bank for International Settlements

Abstract: This volume offers a unique window into the experiences of central banks across the Americas and beyond, providing a comprehensive view of how institutions have navigated uncertainty in recent times. Drawing on both survey-based evidence and in-depth case studies from individual central banks, the chapters explore the evolving role of scenario analysis, the integration of high-frequency data and expert judgment, and the increasing importance of transparent and adaptive communication.Real-world experiences from 10 countries illustrate the diversity of challenges they face and the range of innovative responses they have developed.

Date: 2025 Written 2025-12
ISBN: 978-92-9259-908-9
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.bis.org/publ/bppdf/bispap163.pdf Full PDF document (application/pdf)
http://www.bis.org/publ/bppdf/bispap163.htm (text/html)

Chapters in this book:

Foreword , pp 1

Alexandre Tombini and Diogo Guillen

Monetary policy decision-making and communication under high uncertainty: insights from a survey of central banks in the Americas and beyond , pp 7-30

Eduardo Amaral, Torsten Ehlers, Ilhyock Shim and Alexandre Tombini

The economic impact of uncertainty: transmission channels and modelling , pp 31-38

Vladimir Werning

Monetary policy decision making and communication under heightened uncertainty in Brazil , pp 39-50

Diogo Abry Guillen and Leonardo Nogueira Ferreira

From models to communications: strenghtening risk management in monetary policy at the Bank of Canada , pp 51-58

Gino Cateau, Don Coletti and Annie Portelance

Uncertainty and monetary policy: the case of the Central Bank of Colombia , pp 59-70

Hernando Vargas

Communicating and managing uncertainty: the case of Costa Rica , pp 71-82

Central Bank of Costa Rica

Monetary policy decision-making and communication under high uncertainty in Mexico: lessons from two episodes , pp 83-90

Bank of Mexico

Monetary policy with risk and uncertainty management in Peru , pp 91-120

Adrian Armas, Youel Rojas, Rafael Herrada and Nicolas Butron

Communication as policy and firm uncertainty: evidence from randomised control trial , pp 121-140

Okan Akarsu, Fatih Karahan and Huzeyfe Torun

Risk and uncertainty in a post-pandemic world: implications for the economy, financial markets and monetary policy , pp 141-146

Juan M Londono, Sai Ma and Ilknur Zer

South African Reserve Bank: resilient policy in an uncertain world , pp 147-152

Christopher Loewald and Manisha Morar

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bis:bisbps:163

Access Statistics for this book

More books in BIS Papers from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Martin Fessler ().