European Central Bank (ECB). Causality tests indicate that nominal equity prices have predictive power for ECB policy …, point to strong differences among individual euro area countries. On the question of whether or not a central bank should …

explicit interactive game between the Central Bank, the objectives of which we model explicitly, and the private sector. We …

In contrast to previous empirical attempts to examine the effect of increasing central bank transparency on … transparency. Our motivation stems from the belief that changes in the institutional features or operations of the Central Bank … Bank, and only through them, inflation. We apply the framework used by Levin et al (2004) who differentiate between …

We provide an up-to-date overview of the literature on the desirability of central bank transparency from an economic …

intermediate degree of central bank transparency. Up to thisoptimum more transparency is desirable: it improves the quality of …