Communication, decision-making and the optimal degree of transparency of monetary policy committees /

This paper develops a theoretical model of dynamic decision-making of a monetary policy committee with heterogeneous members. It investigates the optimal transparency, and the optimal way of transmitting information of committees, by analysing the effects different communication strategies have on f...

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Bibliographic Details
Main Author: Weber, Anke
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2008
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies ; no. 02/2008
Subjects:
Online Access:https://www.econstor.eu/bitstream/10419/19714/1/200802dkp.pdf