Pastén, ErnestoReis, Ricardo2021-10-192021-10-192021-10978-956-7421-69-5978-956-7421-70-1 (pdf)0717-6686https://hdl.handle.net/20.500.12580/6145The three topics covered in the title of this volume have proved to be critical in the remarkable success of modern central banks around the globe in the fight to control inflation and smooth macroeconomic fluctuations. Despite these achievements, some old challenges have come back in recent years and new ones have appeared to make Independence, Credibility, and Communication of Central Banking as critical as ever—perhaps, even more so. This volume collects articles contributed by distinguished scholars to the XXIII Annual Conference of the Central Bank of Chile, which coincided with the thirtieth anniversary of its independence. The chapters in this volume give a fresh new look to old lessons, discuss the latest developments, and provide new recommendations for central banks to meet some of their biggest challenges of the times.The three topics covered in the title of this volume have proved to be critical in the remarkable success of modern central banks around the globe in the fight to control inflation and smooth macroeconomic fluctuations. Despite these achievements, some old challenges have come back in recent years and new ones have appeared to make Independence, Credibility, and Communication of Central Banking as critical as ever—perhaps, even more so. This volume collects articles contributed by distinguished scholars to the XXIII Annual Conference of the Central Bank of Chile, which coincided with the thirtieth anniversary of its independence. The chapters in this volume give a fresh new look to old lessons, discuss the latest developments, and provide new recommendations for central banks to meet some of their biggest challenges of the times.Independence, Credibility, and Communication of Central Banking: An Overview / Ernesto Pastén and Ricardo Reis -- Public Trust and Central Banking / Mario Marcel -- Risks to Central-Bank Independence / Kenneth Rogoff -- The Transformation and Performance of Emerging Market Economies across the Great Divide of the Global Financial Crisis / Michael D. Bordo and Pierre Siklos -- Inflation Targeting under Political Pressure / Marina Halac and Pierre Yared -- The Fiscal Footprint of Macroprudential Policy / Ricardo Reis -- Fiscal Inflation and Cosmetic Defaults in a Small Open Economy / Francesco Bianchi -- Central Banking with Many Voices: The Communications Arms Race / Annette Vissing-Jorgensen -- The Three Es of Central Bank Communication with the Public / Andrew Haldane, Alistair Macaulay, and Michael McMaho -- Improving U.S. Monetary Policy Communications / Stephen G. Cecchetti and Kermit L. Schoenholtz -- Comfort in Floating: Taking Stock of Twenty Years of Freely Floating Exchange Rate in Chile / Elías Albagli, Mauricio Calani, Metodij Hadzi-Vaskov, Mario Marcel, and Luca Antonio Ricci..pdfDocumento Completo470 páginas.enAttribution-NonCommercial-NoDerivs 3.0 ChileBANCOS CENTRALESAUTONOMÍACOMUNICACIÓNLibro