February 21, 2019
Jill Vardy - Latest
Communicating Uncertainty in Monetary PolicyWhile central banks cannot provide complete foresight with respect to their future policy actions, it is in the interests of both central banks and market participants that central banks be transparent about their reaction functions and how they may evolve in response to economic developments, shocks, and risks to their outlooks.
Reputational Risk Management in Central BanksThis paper discusses reputational risk in the context of central banking and explains why it matters to central banks. It begins with a general discussion of reputational risk within the broader framework of risk management.