Frontiers of Economic Policy Communications

Departmental Papers, May 21, 2019

Source details

The paper provides an overall view of communications across various areas of economic policy, aiming to help country authorities as they increasingly use communications as a policy tool in its own right.
The paper identifies frontier communications challenges, drawing on a large body of research on the salient issues.
Although communications can never be a substitute for good policies, economic reforms are more likely to fail or even be reversed if they are not understood or accepted by those whom they affect.

Communications across various areas of economic policy are increasingly used as a policy tool in their own right.
Frontier communications challenges are identified and analyzed, drawing on a large body of research.
Effective communications are necessary to secure understanding and acceptance of economic reforms; lack of understanding or acceptance increases the likelihood that reforms will fail or be reversed.
The paper covers communications-related issues in multiple subject areas: Banking; Communications in revenue administration; Energy subsidies; Expenditure; Financial sector policy and analysis; Financial sector stability; Fiscal policy; Inflation targeting; Monetary policy; Revenue administration.

Subject: Banking, Communications in revenue administration, Energy subsidies, Expenditure, Financial sector policy and analysis, Financial sector stability, Fiscal policy, Inflation targeting, Monetary policy, Revenue administration
Keywords: balance of payments, bank guarantee, central bank communications, Communications in revenue administration, DP, DPPP, Energy subsidies, Financial sector stability, financial system, Global, government communications, IMF policy advice, Inflation targeting, public debate