• Thumbnail

      Independence, credibility, and communication of central banking 

      Pastén, Ernesto; Reis, Ricardo (Banco Central de Chile, 2021-10)
      The three topics covered in the title of this volume have proved to be critical in the remarkable success of modern central banks around the globe in the fight to control inflation and smooth macroeconomic fluctuations. ...
    • Thumbnail

      Independence, credibility, and communication of central banking: an overview 

      Pastén, Ernesto; Reis, Ricardo (Banco Central de Chile, 2021-10)
      The institution of central-bank independence is often lauded as a great conquest of the accumulation of knowledge and the sensible setting of policy. The economic literature is filled with arguments for why an independent ...