The three E’s of central-bank communication with the public

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Capítulo_09_vol.28.pdf (2.79 MB)

Date

2021-10

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Publisher

Banco Central de Chile

Abstract

Central banks used to ask, “Shall we communicate this?” Now, as a rule, they ask, “Why wouldn’t we communicate this?” This first wave of the revolution in central-bank communication is giving rise to a second wave. The question increasingly is, “How should we communicate this in a way that engages a broader cross-section of society?” This addresses the challenge laid out by Blinder and others (2008) that “It may be time to pay some attention to communication with the general public.”

Description

Central banks used to ask, “Shall we communicate this?” Now, as a rule, they ask, “Why wouldn’t we communicate this?” This first wave of the revolution in central-bank communication is giving rise to a second wave. The question increasingly is, “How should we communicate this in a way that engages a broader cross-section of society?” This addresses the challenge laid out by Blinder and others (2008) that “It may be time to pay some attention to communication with the general public.”

Keywords

BANCOS CENTRALES, COMUNICACIÓN

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https://hdl.handle.net/20.500.12580/6136

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Serie Banca Central, análisis y políticas económicas (artículos)