Transparency and Monetary Policy: What Does the Academic Literature Tell Policymakers?
نویسندگان
چکیده
منابع مشابه
Central Bank Transparency and Monetary Policy Effectiveness
The paper concentrates on the conditions, contingencies and determinants of central bank transparency and communication. From the state of the economy and the quality of national institutions, to the structure of monetary policy committees, the personality of the governor and the nature of the monetary policy framework - with a particular focus on the case of inflation targeting, there i...
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As the above quote highlights most people engaged in monetary economics claim to be in favor of central-bank transparency. So why is there such a ferocious controversy in the recent academic literature and in the newspapers about the transparency of monetary policy? In fact, almost no one involved in the political discussion about the transparency of the European Central Bank (ECB) actually den...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.594842