Journal Article
Communication, credibility, and price stability: lessons learned from Japan
Abstract: Over the past couple of decades, central banks have been taking steps to increase the transparency of their monetary policies through clearer communications with the public. While there are many differences between the economic challenges Japan has been struggling with in the past decade and those facing U.S. and European central bankers now, we can learn a great deal about combating deflation from Japan?s experiences.
Keywords: Deflation (Finance); Bank of Japan; Price indexes;
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https://doi.org/10.26509/frbc-ec-201209
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2012
Issue: July
Order Number: 9