Communication and Monetary Policy

  title={Communication and Monetary Policy},
  author={Stephen Morris},
Communication is an integral part of modern monetary policy. Central banks have placed growing emphasis during the past decade towards greater transparency by expanding the modes of communication and the amount of information revealed to the public. Three factors have been particularly responsible for this development. First, greater independence granted to many central banks has been accompanied by a need for increased accountability. In general, greater accountability has meant an increase in… CONTINUE READING
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