TITLE

THE FED'S ROAD TOWARD GREATER TRANSPARENCY

AUTHOR(S)
Bernanke, Ben S.
PUB. DATE
March 2008
SOURCE
CATO Journal;Spring/Summer2008, Vol. 28 Issue 2, p175
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the U.S. Federal Reserve (Fed), examining the need for transparent communications between the leadership of the Fed with the public. The author indicates that central bank transparency make monetary policy more effective and improves a country's financial and economic performance. Topics include the objectives of the central bank, performance of bond yields and asset prices, and expectations of the public regarding inflationary trends. The Fed's semiannual presentations to Congress are also discussed.
ACCESSION #
33968794

 

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