Necessity as the mother of invention monetary policy after the crisis

III.
CENTRAL BANK COMMUNICATION
4. In your view, did your country’s central bank communicate with the public more
or less during and after the crisis than it had before? (please check one)
much less
somewhat less
no change
somewhat more
much more
difficult to say
5. If you answered anything other than “no change” or “difficult to say” just above, do
you think these changes in communication should remain, be reversed, or be taken even
further once conditions return to normal? (please check one)
revert back completely
revert back somewhat
remain
go even further
too early to judge
6. Forward guidance is often classified as being either calendar based (or “time
contingent”), data based (or “state contingent”), or purely qualitative (that is, providing
neither a time frame nor economic conditions). Looking ahead, which type(s) of forward
guidance do you believe would be most effective for your country’s central bank? (please
check as many as apply):
Calendar based (time contingent)
Data based (state contingent)
Purely qualitative (neither time nor state contingent)
None
Other (please specify) ______________________________________________
Too early to judge
(continued)
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