Imperfect Central Bank Communication: Information Versus Distraction by Par Osterholm, P. R. Sterholm, Athanasios Orphanides

Imperfect Central Bank Communication: Information Versus Distraction

Par Osterholm, P. R. Sterholm, Athanasios Orphanides

40 pages • missing pub info (editions)

nonfiction politics
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Much of the information communicated by central banks is noisy or imperfect. This paper considers the potential benefits and limitations of central bank communications in a model of imperfect knowledge and learning. It is shown that the value of c...

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