The Long Journey of Central Bank Communication

Otmar Issing

7 évaluations par Goodreads

Langue : anglais

Edité par MIT Press Ltd, 2019

0262537850 / 9780262537858

Série : Livre 2 sur 3 - Karl Brunner Distinguished Lecture

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A leading economist and former central banker discusses the evolution of central bank communication from secretiveness to transparency and accountability. Central bank communication has evolved from secretiveness to transparency and accountability-from a reluctance to give out any information at all to the belief in communication as a panacea for effective policy. In this book, Otmar Issing, himself a former central banker, discusses the journey toward transparency in central bank communication. Issing traces the development of transparency, examining the Bank of England as an example of extreme reticence and European Central Bank's President Mario Draghi as a practitioner of effective communication. He argues that the ultimate goal of central bank communication is to make monetary policy more effective, and describes the practice and theory of communication as an evolutionary process. For a long time, the Federal Reserve never made its monetary policy decisions public; the European Central Bank, on the other hand, had to adopt a modern communication strategy from the outset. Issing discusses the importance of guiding expectations in central bank communication, and points to financial markets as the most important recipients of this communication. He discusses the obligations of accountability and transparency, although he notes that total transparency is a "mirage." Issing argues that the central message to the public must always be that the stability of a nation's currency is the bank's priority.…

N° de réf. du vendeur 00076849852

Titre
The Long Journey of Central Bank Communication
Auteur
Otmar Issing
Éditeur
MIT Press Ltd
Année de publication
2019
État de l'article
Very Good
Reliure
Paperback
Langue
anglais
ISBN à 10 chiffres
0262537850
ISBN à 13 chiffres
9780262537858
Série
Livre 2 sur 3: Karl Brunner Distinguished Lecture

World of Books (was SecondSale)

Montgomery, IL, Etats-Unis

Vendeur avec une évaluation de 5 étoiles

Vendeur AbeBooks depuis 20 décembre 2007

Frais d'expédition à l'intérieur de ce pays : Etats-Unis

Article4 à 12 jours ouvrés3 à 6 jours ouvrés
Premier articleEUR 0,00EUR 9,62
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