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Published: 03 November 2020

184 Pages


ISBN: 9780190499488

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Crafting Consensus

Why Central Bankers Change Their Speech and How Speech Changes the Economy

Nicole Baerg

  • Offers empirical analysis of how central bank committees work and how their communication of policy can affect the public's expectations and the economy
  • Proposes a new theory of committee decision making that shows how monetary policy results from decisions by strategic actors with biased preferences
  • Provides textual analysis of monetary policy statements which have never been analyzed before

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