Download or read book How Do Central Banks Write? written by Andrea Fracasso and published by Centre for Economic Policy Research. This book was released on 2003 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: An increasing number of central banks have adopted the inflation targeting strategy, and the trend does not seem to be ending. If inflation targeting offers a precise framework, its policy implications are surprisingly imprecise. For the strategy to be understood and generally supported, inflation targeting central banks need to communicate clearly and precisely. This is undoubtedly why they have also adopted the practice of producing a new publication, often referred to as inflation reports. This study, the second Special Report in the ICMB/CEPR series of Geneva Reports on the World Economy, offers the first in-depth analysis and evaluation of 20 inflation reports.