Boring Bankers - Should We Listen? - Speech by Richard Lambert given at the Institute for Public Policy Research

Effective communications are very relevant at times like now, when inflation is subdued and nominal interest rates are low. Under circumstances when the scope for conventional policy actions may be limited, it becomes especially important for central banks to manage public expectations about the future direction of monetary policy. For this reason, the Federal Reserve Board and the Bank of Japan have given considerable thought to their communications strategy over the past year and more.

Press release