Imperfect Central Bank Communication : Information versus Distraction /

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. It is shown that the value of communicating imperfect information is ambiguous. Ther...

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Chi tiết về thư mục
Tác giả chính: Orphanides, Athanasios
Tác giả khác: Dale, Spencer, Osterholm, Par
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2008.
Loạt:IMF Working Papers; Working Paper ; No. 2008/060
Truy cập trực tuyến:Full text available on IMF