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Imperfect Central Bank Communication - Information versus Distraction*

Imperfect Central Bank Communication - Information versus Distraction* »

Source: Imperfect Central Bank Communication - Information versus Distraction

Volume/Issue: 2008/60

Series: IMF Working Papers

Author(s): Athanasios Orphanides , Spencer Dale , and Pär Österholm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

ISBN: 9781451869224

Keywords: Forecasts, Learning, inflation, central bank,

Much of the information communicated by central banks is noisy or imperfect. This paper considers the potential benefits and limitations of central bank communications in a model of imperfect knowledge and learning...

Imperfect Central Bank Communication - Information versus Distraction

Imperfect Central Bank Communication - Information versus Distraction »

Volume/Issue: 2008/60

Series: IMF Working Papers

Author(s): Athanasios Orphanides , Spencer Dale , and Pär Österholm

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2008

DOI: http://dx.doi.org/10.5089/9781451869224.001

ISBN: 9781451869224

Keywords: Forecasts, Learning, inflation, central bank,

Much of the information communicated by central banks is noisy or imperfect. This paper considers the potential benefits and limitations of central bank communications in a model of imperfect knowledge and learning...