Central Bank Transparency

Author: Geraats P.M.

Source: The Economic Journal, Volume 112, Number 483, November 2002 , pp. 532-565(34)

Publisher: Wiley-Blackwell

Abstract:

Central bank transparency has become one of the key features of monetary policy recently. This survey article provides a structured review of the theoretical literature on the consequences of transparency of monetary policy, proposing a distinction between uncertainty and incentive effects of transparency. The theoretical insights are compared to the various ways in which central banks have become transparent in practice. In addition, there is an assessment of the empirical evidence concerning the transparency of monetary policy.

Language: English

Document Type: Review article

Affiliations: 1: University of Cambridge

Publication date: 2002-11-01

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• In this Subject: Business ,  Economics
• By this author: Geraats P.M.

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