This paper reports the results of a survey among private sector economists about credibility and transparency of … history of honesty and a high level of central bank independence. According to our respondents, the Federal Reserve is the …

The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are …

. This paper shows that such economic transparency could give central banks greater flexibility to respond to macroeconomic … sector inflation expectations. In contrast, opaque central banks limit their stabilization efforts to avoid disturbing … inflation expectations. As a result, they mute their interest rate response and no longer fully offset anticipated demand shocks …

Central bank independence and transparency have become best practice in monetary policy. This paper cautions that … transparency about economic information may not be beneficial in the absence of central bank independence. The reason is that it … political independence. …

inflation and economic development have undergone larger increases in transparency. Moreover, it shows that greater transparency …Transparency has become a prominent feature of monetary policy. This paper provides an overview of central bank … communication practices and is the first to systematically analyze transparency trends throughout the world and across monetary …

framework, including inflation targeting. Nevertheless, the paper finds significant differences in transparency across monetary …Transparency has become one of the main features of monetary policymaking during the last decade. This paper … establishes some stylized facts. In addition, it provides a systematic overview of the practice of monetary policy transparency …

There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper …. Furthermore, it reviews the theoretical literature on monetary policy transparency and relevant empirical findings. The focus is …