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Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections

Glenn D. Rudebusch and John C. Williams

in Asset Prices and Monetary Policy

Published in print:
2008
Published Online:
February 2013
ISBN:
9780226092119
eISBN:
9780226092126
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226092126.003.0007
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter examines the unresolved debate among central bankers and researchers about the value of the direct signaling of policy intentions. The chapter is organized as follows. Section 6.2 ... More


Monetary Policy Trade-Offs and Monetary Policy Credibility

Juan Antonio Morales and Paul Reding

in Monetary Policy in Low Financial Development Countries

Published in print:
2021
Published Online:
August 2021
ISBN:
9780198854715
eISBN:
9780191888915
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198854715.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter focuses on two key aspects of the monetary policy process: the trade-offs between the three goals that fall into the purview of central banks, price stability, output stabilization, and ... More


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