CRAFTING CONSENSUS : why central bankers change their speech and how speech changes the economy;why central bankers change their speech and how speech.

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 co...

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Bibliographic Details
Main Author:	BAERG, NICOLE
Format:	eBook
Language:	English
Published:	OXFORD : OXFORD UNIV PRESS UK, 2020.
Subjects:	Banks and banking, Central > Language. Communication in financial institutions. Banques centrales > Langage. Communication in financial institutions Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
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 book shows that monetary policy committees comprised of bankers with opposing inflation preferences communicate more precisely and that precise communication then has pos.
Physical Description:	1 online resource
ISBN:	0190499508 9780190499501