of the state's extractive technology. We posit further that this extractive technology is determined by the transparency … transparency of the new farming technology. We then apply our theory to explain key institutional features that distinguished …

. It shows that goal-independence and goal-transparency (an explicit inflation target) at the central bank are substitute … ‘commitment technologies’ that reduce inflation and build credibility. In addition, goal-transparency is shown to be socially … they perceive public scrutiny (accountability) as intrusive. Combining these findings implies that both goal-transparency …

Central bank transparency has become the topic of a lively public and academic debate on monetary policy. Unfortunately …, it has been complicated by the fact that transparency is a qualitative concept that is hard to measure. This Paper … proposes a comprehensive index for central bank transparency that comprises the political, economic, procedural, policy and …

motivating decisions, simplifying external evaluation and thereby improving transparency and accountability. I also consider …

According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this … proposition in a small theoretical model emphasizing forward-looking private sector behaviour. Transparency makes it easier for …, transparency may be disadvantageous. It may actually be a policy-distorting straitjacket if the central bank enjoys low …

diversity, competition and transparency, and larger private contributions through income-contingent student loans. In the … returns to education, income-contingent loans, student poverty and transparency. We sum up with seven recommendations for …

transparency and political coherence. …

of transparency is inefficiently low if the social value of secondary market liquidity exceeds its private value. We … analyze various types of public intervention — mandatory transparency standards, provision of liquidity to distressed banks or … secondary market price support — and find that they have quite different welfare implications. Finally, transparency is greater …

transparency, of the media, and of political contestability for taming corruption. The existing empirical evidence is shown to …

I analyse central bank transparency when the central bank's objective function is its private information. Non-transparency … central bank's objective. The degree of transparency is defined as the fraction of the inflation-control error that is … optimally to shocks; lower inflation is not at the expense of flexibility. Increased transparency lowers planned inflation, but …