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How Do Central Banks Talk?

Author : Alan S. Blinder
Publisher : Centre for Economic Policy Research
Page : 150 pages
File Size : 13,81 MB
Release : 2001
Category : Business & Economics
ISBN : 9781898128601

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Not long ago, secrecy was the byword in central banking circles, but now the unmistakable trend is towards greater openness and transparency. This, the third Geneva Report on the World Economy, describes and evaluates some of the changes in how central banks talk to the markets, to the press, and to the public. The report first assesses the case for transparency ? defined as providing sufficient information for the public to understand the policy regime ? and concludes that it is very strong, based on both policy effectiveness and democratic accountability. It then examines what should be the content of communication and argues that central banks ought to spell out their long-run objectives and methods. It then investigates the link between the decision-making process and central bank communication, drawing a distinction between individualistic and collegial committees. The report concludes with a review of the communications strategies of some of the main central banks.

International Monetary Fund Annual Report 1960

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 232 pages
File Size : 17,63 MB
Release : 1960-09-01
Category : Business & Economics
ISBN : 1616351721

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This paper reviews key findings of the IMF’s Annual Report for the fiscal year ended April 30, 1960. The report highlights that the year ended April 1960 showed a continued upswing in world industrial activity and an increase in world trade. Industrial production in 1959 was greater by 10 percent than in the recession year of 1958, and the value of world trade increased by 6 percent, both increases being more or less continuous from about the middle of 1958.