10 research outputs found
Keynesian and Austrian Perspectives on Crisis, Shock Adjustment, Exchange Rate Regime and (Long-Term) Growth
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The Design and Communication of Systematic Monetary Policy Strategies.” Presented at the Hoover Institution conference on “Frameworks for Central Banking in the Next Century
No full textAbstract The efficacy of central bank communications is inextricably linked to the characteristics of the monetary policy framework. Therefore, this paper presents a set of fundamental principles regarding the joint design of monetary policy strategy and communications. The practical implications of these principles are illustrated by considering a number of significant policy challenges faced by central banks in the advanced economies
The Design and Communication of Systematic Monetary Policy Strategies.” Presented at the Hoover Institution conference on “Frameworks for Central Banking in the Next Century
No full textAbstract The efficacy of central bank communications is inextricably linked to the characteristics of the monetary policy framework. Therefore, this paper presents a set of fundamental principles regarding the joint design of monetary policy strategy and communications. The practical implications of these principles are illustrated by considering a number of significant policy challenges faced by central banks in the advanced economies
