Communication, transparency, accountability: monetary policy in the twenty-first century.

COMMUNICATION: PAST AND not away

in what manner do agents deal with novel information that may be of relevance to others? by what means do they convey their knowledge to the public? And what are the events of such communication? Two true different historical examples illustrate the persistent relevance of this question.

In 67 BC as piracy pos an at any time greater threat to the invest of grain, the Roman authorities assigned command of a gigantic naval force to Gnaeus Pompeius, who then rid the Mediterranean of pirates within 40 days (see Issing, 1985) individual year later, in his first political articulate utterance ...