Striving to Be 'Clearly Open' and 'Crystal Clear' : Monetary Policy Communication of the CNB /

The Czech National Bank has a respectable track record in terms of its policy actions and the corresponding inflation outturns. Using a simple forward-looking policy rule, we find that its main communication tools-inflation targets, inflation forecasts, verbal assessments of the inflation risks cont...

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Bibliographic Details
Main Author: Bulir, Ales
Other Authors: Smidkova, Katerina
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Working Papers; Working Paper ; No. 2008/084
Online Access:Full text available on IMF