Central bank communications and the general public
Despite the recent revolution in central bank communication, it is unclear the general public have benefitted from these enhanced central bank communications. We first analyze the growth of communication and some reasons that the public may have missed the revolution. We then discuss the desirabilit...
| Main Authors: | , |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
American Economic Association
2018
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| _version_ | 1797081084413870080 |
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| author | Haldane, A McMahon, M |
| author_facet | Haldane, A McMahon, M |
| author_sort | Haldane, A |
| collection | OXFORD |
| description | Despite the recent revolution in central bank communication, it is unclear the general public have benefitted from these enhanced central bank communications. We first analyze the growth of communication and some reasons that the public may have missed the revolution. We then discuss the desirability of greater communication with the public. The case for feasibility of such communication examines observational and experimental evidence following the recently adopted use of a layered communication at the Bank of England. We find that, while more research is needed, there are compelling reasons for central banks to continue trying to target communication at the public. |
| first_indexed | 2024-03-07T01:09:31Z |
| format | Journal article |
| id | oxford-uuid:8c848644-2214-49cc-bbb8-a93352a4b643 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T01:09:31Z |
| publishDate | 2018 |
| publisher | American Economic Association |
| record_format | dspace |
| spelling | oxford-uuid:8c848644-2214-49cc-bbb8-a93352a4b6432022-03-26T22:45:04ZCentral bank communications and the general publicJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:8c848644-2214-49cc-bbb8-a93352a4b643EnglishSymplectic Elements at OxfordAmerican Economic Association2018Haldane, AMcMahon, MDespite the recent revolution in central bank communication, it is unclear the general public have benefitted from these enhanced central bank communications. We first analyze the growth of communication and some reasons that the public may have missed the revolution. We then discuss the desirability of greater communication with the public. The case for feasibility of such communication examines observational and experimental evidence following the recently adopted use of a layered communication at the Bank of England. We find that, while more research is needed, there are compelling reasons for central banks to continue trying to target communication at the public. |
| spellingShingle | Haldane, A McMahon, M Central bank communications and the general public |
| title | Central bank communications and the general public |
| title_full | Central bank communications and the general public |
| title_fullStr | Central bank communications and the general public |
| title_full_unstemmed | Central bank communications and the general public |
| title_short | Central bank communications and the general public |
| title_sort | central bank communications and the general public |
| work_keys_str_mv | AT haldanea centralbankcommunicationsandthegeneralpublic AT mcmahonm centralbankcommunicationsandthegeneralpublic |