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Günter Coenen, Michael Ehrmann, Gaetano Gaballo, Peter Hoffmann, Anton Nakov, Stefano Nardelli, Eric Persson and Georg Strasser
Communication of Monetary Policy in Unconventional Times
ECB, 2017
What's inside?
Properly coordinated and executed, central banks’ communications can assuage economic uncertainty.
Recommendation
Central banks have not had an easy time of it, particularly of late. In the years after the global financial crisis, unusual macroeconomic circumstances called for monetary authorities to implement exceptional measures to reduce uncertainty. This analysis from European Central Bank economists on the importance of properly worded and implemented central bank communications offers a comprehensive treatment of what is to many a recondite corner of global finance. getAbstract suggests this expert report to analysts, investors and central bankers.
Summary
About the Authors
Günter Coenen et al. are with the European Central Bank.
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