Crafting consensus why central bankers change their speech and how speech changes the economy /
'Crafting Consensus' offers a new theory of committee decision making and provides a rich understanding of modern-day central banking by studying central banks' communication with the public. Using extensive empirical analysis, Nicole Baerg explains how central bank transparency depen...
| Main Author: | Baerg, Nicole, |
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| Other Authors: | Oxford Scholarship Online (Online Service) |
| Format: | eBook |
| Language: | English |
| Published: |
New York, NY :
Oxford University Press,
2020.
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| Physical Description: |
1 online resource : illustrations (black and white). |
| Series: |
Oxford scholarship online.
|
| Subjects: |
| Summary: |
'Crafting Consensus' offers a new theory of committee decision making and provides a rich understanding of modern-day central banking by studying central banks' communication with the public. Using extensive empirical analysis, Nicole Baerg explains how central bank transparency depends on the configuration of central bank committee members' preferences and the institutional rules governing how committee members set policy. The text shows that monetary policy committees comprised of bankers with opposing inflation preferences communicate more precisely and that precise communication then has positive economic effects. |
|---|---|
| Item Description: |
Also issued in print: 2020. Includes bibliographical references and index. 'Crafting Consensus' offers a new theory of committee decision making and provides a rich understanding of modern-day central banking by studying central banks' communication with the public. Using extensive empirical analysis, Nicole Baerg explains how central bank transparency depends on the configuration of central bank committee members' preferences and the institutional rules governing how committee members set policy. The text shows that monetary policy committees comprised of bankers with opposing inflation preferences communicate more precisely and that precise communication then has positive economic effects. Specialized. |
| Physical Description: |
1 online resource : illustrations (black and white). |
| Audience: |
Specialized. |
| Bibliography: |
Includes bibliographical references and index. |
| ISBN: |
9780190499518 (ebook) : |