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IMF Working Papers
Monetary Policy Committees, Learning and Communication :
2010
INTERNATIONAL MONETARY FUND

This paper considers optimal communication by monetary policy committees in a model of imperfect knowledge and learning. The main policy implications are that there may be costs to central bank communication if the public is perpetually learning about the committee's decision-making process and policy preferences. When committee members have heterogeneous policy pr...

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IMF Working Papers
Monetary Policy Committees, Learning and Communication :
2010
INTERNATIONAL MONETARY FUND

This paper considers optimal communication by monetary policy committees in a model of imperfect knowledge and learning. The main policy implications are that there may be costs to central bank communication if the public is perpetually learning about the committee's decision-making process and policy preferences. When committee members have heterogeneous policy pr...

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IMF Working Papers
Monetary Policy Committees, Learning and Communication :
2010
INTERNATIONAL MONETARY FUND

This paper considers optimal communication by monetary policy committees in a model of imperfect knowledge and learning. The main policy implications are that there may be costs to central bank communication if the public is perpetually learning about the committee's decision-making process and policy preferences. When committee members have heterogeneous policy pr...

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