The work examines the relationship between central bank independence and accountability. The authors do this by using an indicator for central bank accountability based on the laws of 16 central banks. Central bank accountability is identified as having three distinct features, namely, the...

When comparing the transparency of the ECB now with the transparency of the<br/>ECB about one decade ago, we notice that transparency still can be improved in<br/>a few ways. In particular the disclosure related to the ways decisions are reached<br/>and the disclosure on its policy (what is the envisioned path...