of the state's extractive technology. We posit further that this extractive technology is determined by the transparency … transparency of the new farming technology. We then apply our theory to explain key institutional features that distinguished …

expectations. This paper analyses empirically whether enhanced central bank transparency lowers dispersion among professional … forecasters of key economic variables, using a large set of proxies for central bank transparency in 12 advanced economies. It … finds evidence for a significant and sizeable effect of central bank transparency on forecast dispersion, be it by means of …

We analyze how transparency affects information acquisition in a bargaining context, where proposers may chose to … excessive in all our scenarios we find that the bargaining outcome depends crucially on the transparency of the bargaining …

In this paper we investigate central bank accountability by looking at the effect of transparency in a simple monetary … banker's preferences for inflation stabilization relative to output stabilization. Transparency enhances the central bank …'s accountability. The paper shows that transparency leads to a lower expected rate of inflation and less stabilization of supply shocks. …

acquire costly information that enhances their ability to make a correct decision. We focus on the impact of transparency. We … show that the principal's initial utility is higher under transparency, because members exert more effort, which makes … correct decisions more likely. The principal also benefits from transparency later, unless transparency leads to an alignment …