all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …

This article analyses the effects of economic transparency on the optimal monetary policy in an economy affected by … the economy. Transparency is optimal as long as the central bank does not weight the stabilisation of the output gap too …