Weber on monetary policy and communication

Communication is an important element in fostering the effectiveness of monetary policy, explained Axel Weber, the president of Germany's Bundesbank.

Speaking at a conference entitled "Monetary policy strategy: old issues and new challenges" in Frankfurt last week, Professor Weber discussed several aspects of monetary policy strategy and communication.

One issue that has received increased interest over the past few years, he noted, is information about the future course of monetary policy.

"This

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