Central Bank Communication and Policy Effectiveness.¶
Woodford, M. (2005). Central Bank Communication and Policy Effectiveness.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Self-Defeating Prediction
- Central-bank guidance. Pre-announcing intended policy can move markets in advance so the action itself becomes unnecessary — self-defeat in a benign direction, institutionalised as forward guidance.
This sourceAnalyzes how pre-announced forward guidance moves markets in advance so the policy action partly accomplishes its aim through expectations.
- Central-bank guidance. Pre-announcing intended policy can move markets in advance so the action itself becomes unnecessary — self-defeat in a benign direction, institutionalised as forward guidance.
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