Title:

Decisions of Monetary Authorities in the Light of Monetary Policy Transparency

Group publication title:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

Title in english:

Decyzje władz monetarnych w świetle przejrzystości polityki monetarnej

Creator:

Noga, Marian

Subject and Keywords:

strategy of direct inflation targeting (DIT) ; collective mind ; individual approach to decision-making ; cellective approach to decision-making

Description:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2009; Nr 81, s. 93-102

Abstrakt:

The analysis of the two approaches seems to favour collective decision-making as the approach that offers effective policy-making and the implementation of monetary decisions. The individual approach is, more often than not, charged with the burden of subjectivity since the policy-maker tends to form decisions based on individual value system and personal experience. Moreover, individual approach favours most obvious decisions, disregarding or neglecting alternative solutions to the problem at hand. By adopting the collective approach to decision-making, monetary authorities may augment the transparency of monetary policy in general, thus improving its efficiency and effectiveness.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2009

Resource Type:

artykuł

Language:

eng

Relation:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2009; Nr 81 ; Macroeconomics ; Economics, vol. 6

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Coverage:

Dofinansowano z programu "Społeczna odpowiedzialność nauki" Ministra Edukacji i Nauki (SONB/SP/546390/2022). Tytuł projektu: Upowszechnienie zawartości czasopisma Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu