This paper extends the Dincer and Eichengreen (2007) index of central bank transparency. Improvements in transparency …. The pattern observed by Dincer and Eichengreen, consistent with a permanent increase in central bank transparency, is also … evident in the updated results. The dramatic enhancements in central bank transparency reported earlier appear to be a feature …

stress, the central bank should be aggressive when applying credit easing policies …

South African Reserve Bank (SARB) via the media. This state of affairs is fairly typical around the globe. We explore the …

Empirical evidence on the potential impact of central bank policies on government bond yields at the effective lower … bound (ELB) is presented for nine economies. We quantify the content of central bank communications and consider … few years after the ELB is reached. Yields become more sensitive to the content central bank communication at the ELB. Our …

We examine policy rate recommendations of the Bank of Canada's Governing Council (GC) and its shadow, the C.D. Howe … likely when rates are rising. Finally, the Bank's forward guidance had a significant influence on the MPC's views about the …

second opinion. The European Central Bank (ECB) and the Bank of England (BoE) are shadowed by professional and academic … economists who provide a separate policy rate recommendation in advance of the central bank announcement. In this paper, we …