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Reports
Central bank communication during normal and crisis time
Résumé : Central banks have intensified their communication strategy since
the mid 1990’s and it has become an important instrument of
central banks’ policymaking toolkit. A large empirical evidence
suggests that central bank communication has effectively
enhanced the transmission of monetary policy before and during
the financial crisis. Nevertheless, the use of communication as a
policy instrument is fragile since it depends on economic agents’
perceptions and beliefs. It is crucial that central bank
communication be consistent with policy decisions.
https://hal-sciencespo.archives-ouvertes.fr/hal-03404315
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Tuesday, October 26, 2021 - 3:41:16 PM
Last modification on : Saturday, October 30, 2021 - 3:59:43 AM
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Tuesday, October 26, 2021 - 3:41:16 PM
Last modification on : Saturday, October 30, 2021 - 3:59:43 AM
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