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210308 ||| eng |
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|a 9780190499518
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|a HG1811
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|a Baerg, Nicole
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|a Crafting consensus
|h Elektronische Ressource
|b why central bankers change their speech and how speech changes the economy
|c Nicole Baerg
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| 260 |
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|a New York, NY
|b Oxford University Press
|c 2020, 2020
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| 300 |
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|a 1 online resource
|b illustrations (black and white)
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|a Includes bibliographical references and index
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| 653 |
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|a Banks and banking, Central / Language
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|a Communication in financial institutions
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|a eng
|2 ISO 639-2
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| 989 |
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|b OUP
|a Oxford University Press
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|a Oxford scholarship online / Oxford scholarship online
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|a Also issued in print: 2020
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|u https://dx.doi.org/10.1093/oso/9780190499488.001.0001?nosfx=y
|x Verlag
|3 Volltext
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|a 332.110141
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| 520 |
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|a '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 text shows that monetary policy committees comprised of bankers with opposing inflation preferences communicate more precisely and that precise communication then has positive economic effects
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