PL EN


2015 | 3 | 1 | 35-50
Article title

Ewolucja zmian i zadania banków centralnych w świetle doświadczeń kryzysu finansowego

Content
Title variants
Languages of publication
PL
Abstracts
PL
Communication policy of central banks in the framework of direct inflation targeting strategy and related strategies is important. Its tools include forward guidance as a method of influencing the expectations of market participants. Although forward guidance was used before the outbreak of the financial crisis, it was not popular. After 2008, under conditions of zero interest rate, monetary authorities have begun After 2008, under conditions of zero interest rate, monetary authorities have begun to use the forward guidance as an unconventional and effective instrument allowing monetary policy to have impact on market interest rates. However, the riskswhen using forward guidance include the possibility of misinterpretation of the conditional nature of the declaration of the monetary authorities.
Year
Volume
3
Issue
1
Pages
35-50
Physical description
Dates
published
2015-12-12
Contributors
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.ojs-doi-10_33119_KKESSiP_2015_1_3_2
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