New eBook "Hawks and Doves: Deeds and Words - Economics and Politics of Monetary Policymaking"

Monday, February 12, 2018

Last week's stock market downturn was a prime example of the lack of good central bank communication. In our latest eBook "Hawks and Doves: Deeds and Words - Economics and Politics of Monetary Policymaking" we investigate the crucial link between central bank governance and global markets.

The editors note that the internal dynamics of central banks and its monetary policy communication strategies have become increasingly influential over the economy since their adoption of economic theory two decades ago. Central banks must, therefore, ensure their stances on monetary policy are consistent and that their messages are clear. By reconsidering their governance rules and at the same time providing good communications for their monetary policy decisions and visions for now and the future, central banks can guide the markets with a stable outlook.

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Read a VoxEU column introduction