As recently as in the second half of the 1980's a popular book on the Federal Reserve System by William Greider was titled "Secrets of the Temple" and indeed it was common practice that monetary policy was surrounded by secrecy. Nowadays, a trend towards greater monetary policy transparency can be observed all over the world and central banks are paying increasing attention to their communication with the general public. Transparency and communication of monetary policy have become topical issues discussed by both policy makers and distinguished academics and they have been the subjects of theoretical and empirical research.
The aim of the conference is to present the current state of knowledge in this field. The conference should also serve as a forum of discussion for academics and central bankers alike. This discussion would help policy makers and guide them in adopting optimal transparency and communication strategies.
Conference program and papers
- Sylvester Eijffinger
- Jakob de Haan
- Krzysztof Rybiński
The Editors of the European Journal of Political Economy agreed to publish a special issue of EJPE on "Central Bank Communication and Transparency" in which conference papers selected through a normal refereeing process will be published.