Mitchel Y. Abolafia, Professor, Rockefeller College of Public Affairs and Policy, University at Albany/ SUNY
Join communication professor Christopher Holmes Smith for a research presentation by Professor Mitchel Abolafia, entitled, “Fine-tuning the Signal: Image and Identity at the Federal Reserve.” From Prof. Abolafia: “This paper develops a conceptual model of the process used by elite policy makers to adjust the signals sent to stakeholders outside the central bank. Such signals are employed to influence immediate economic behavior as well as maintain longer-term agency reputation. Using verbatim transcripts of meetings at the Federal Reserve, this paper develops a model of fine-tuning practice that is employed by policy makers to store up trust, anticipate threats, and rationalize failure to stakeholders. Ultimately, the effectiveness of these strategies is tied to the organization’s ability to impose its definition of reality on its audience and to maintain or build its own legitimacy.”
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