Writing the Economy - Activity, Genre and Technology in the World of Banking - Graham Smart

Writing the Economy - Activity, Genre and Technology in the World of Banking - Graham Smart

The monetary-policy process: the big picture

Writing the Economy - Activity, Genre and Technology in the World of Banking - Graham Smart

Graham Smart [+-]
Carleton University
Graham Smart is an Associate Professor in the School of Linguistics and Applied Language Studies at Carleton University, Ottawa, Canada. He has published studies of writing in workplace and academic settings as well as work on interpretative ethnography. His recent research also focuses on public-policy discourse and environmental rhetoric.

Description

This chapter begins with a discussion of knowledge-building in the profession of economics, and then moves on to portray ‘the economy’ as a site-specific, symbol-based representation that is created, maintained, and revised through the discourse practices of economists collaborating for specific occupational ends. Looking at the particular representation of the Canadian economy created by economists at the Bank of Canada to accomplish their work of economic research, analysis, and policy-making, I suggest that this ‘economy’ permeates the economists’ thinking, speaking, and writing, and is instantiated in the mathematical equations of the Quarterly Projection Model. With this background, and also drawing on inscription theory, the chapter then provides an overview of the Bank’s ‘monetary-policy process’ – a broad writing-intensive activity that encompasses knowledge-building, policy-making, and policy-related communications with outside groups. Topics include: Knowledge-building, ideology, and rhetoric in economics; ‘The economy’ as a cultural construct; Knowledge-building, policy-making, and external communications; Methodological reflections: foundations of interpretive ethnography.

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Citation

Smart, Graham . The monetary-policy process: the big picture. Writing the Economy - Activity, Genre and Technology in the World of Banking. Equinox eBooks Publishing, United Kingdom. p. 21-34 Dec 2006. ISBN 9781845530679. https://www.equinoxpub.com/home/view-chapter/?id=29319. Date accessed: 25 Aug 2019 doi: 10.1558/equinox.29319. Dec 2006

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