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Humans are among the many living species capable of collaborative and imaginative thinking. While it is widely agreed among scholars that this capacity has contributed to making humans the dominant species, other crucial questions remain open to debate. Is it possible to encourage large groups of people to engage in collective thinking? Is it possible to coordinate citizens to find solutions to address global challenges? Some scholars claim that large groups of independent, motivated, and well-informed ...

Central banks use communication both as a monetary policy instrument and as a tool for accountability. The ECB’s communication practices have changed significantly in recent years. Yet, new challenges await. The ECB President, Ms Christine Lagarde, stated that she sees the general public as the “new frontier” for central bank communications. The Monetary Expert Panel was asked to produce three papers on this topic. This publication is provided by Policy Department A at the request of the Committee ...