1 option
Crafting consensus : why central bankers change their speech and how speech changes the economy / Nicole Baerg.
- Format:
- Book
- Author/Creator:
- Baerg, Nicole, author.
- Series:
- Oxford scholarship online.
- Oxford scholarship online
- Language:
- English
- Subjects (All):
- Banks and banking, Central--Language.
- Banks and banking, Central.
- Communication in financial institutions.
- Physical Description:
- 1 online resource : illustrations (black and white).
- Place of Publication:
- New York, NY : Oxford University Press, 2020.
- 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.
- Notes:
- Also issued in print: 2020.
- Includes bibliographical references and index.
- Description based on online resource; title from home page (viewed on June 9, 2020).
- ISBN:
- 0-19-049951-6
- 0-19-049949-4
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.