Review of the ECB's Strategy and Alternative Approaches
| dc.contributor.author | Qvigstad, Jan F. | |
| dc.date.accessioned | 2018-07-04T10:22:31Z | |
| dc.date.available | 2018-07-04T10:22:31Z | |
| dc.date.issued | 2006 | |
| dc.identifier.issn | 0029-1676 | |
| dc.identifier.uri | http://hdl.handle.net/11250/2504297 | |
| dc.description | Speech by Jan Qvigstad, Chief Economist, Norges Bank. "Affecting private agents’ expectations is an important part of monetary policy. Transparency about the objectives and the reasoning behind monetary policy decisions has therefore become the norm. There is, however, no unique “best” way to handle central bank communication. Institutional aspects and historical experience matter. Norges Bank has followed the advice of academics to publish our own projection of the interest rate – or preferred interest rate path – as a means of influencing private agents’ expectations. In our communication, we stress that our projected interest rate path is conditional on economic developments and our understanding of the functioning of the economy – and not an unconditional promise. It is also essential that the public understand the reasoning behind a specific interest rate path. We have therefore developed and published a set of six criteria that we use to assess alternative interest rate paths. These criteria are useful tools both for internal discussion and for external communication." | nb_NO |
| dc.language.iso | eng | nb_NO |
| dc.publisher | Norges Bank | nb_NO |
| dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
| dc.title | Review of the ECB's Strategy and Alternative Approaches | nb_NO |
| dc.type | Journal article | nb_NO |
| dc.description.version | updatedVersion | nb_NO |
| dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | nb_NO |
| dc.source.pagenumber | 60-63 | nb_NO |
| dc.source.journal | Economic Bulletin | nb_NO |
| dc.source.issue | 2/2006 | nb_NO |
Tilhørende fil(er)
Denne innførselen finnes i følgende samling(er)
-
Penger og Kreditt / Economic Bulletin [473]
1973 (1999)-2012
Med mindre annet er angitt, så er denne innførselen lisensiert som Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal