size and the transparency of the budget. The model studies the effects on fiscal policy of different rules, separating … transparency of the budget. …

transparency and accountability. I also consider whether the actual instrument setting has been appropriate, given the information …

simultaneously open for trading under two different mechanisms and show how the comparative levels of pre-trade market transparency …

In most of the existing academic literature the notion of transparency in monetary policy is defined in too simple … potentially conflicting - aspects of transparency. When there are frictions in communication or imperfections in the processing of … this perspective transparency primarily hinges on a shared mode of interpretation ('common understanding') between the …

Transparency regulation aims at reducing financial fragility by strengthening market discipline. There are however two … extensive financial safety net may eliminate the disciplinary effect of transparency regulation. Second, achieving transparency … consider both the direct costs of complying with disclosure requirements and the indirect transparency costs stemming from …

The IMF’s development of the code of good practices on transparency in monetary and financial policies and introduction … of safeguard assessments has increased the importance of the transparency of the disclosures found in central bank …

transparency reduces the inflationary bias and gives the central bank greater flexibility to respond to shocks in the economy …. Furthermore, it makes it easier for a central bank to build reputation. To achieve these benefits of transparency it is generally …