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;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2012

Issue: July

Order Number: 9