stability, bank independence, transparency or credibility may differ from country to country, despite their level of development …

of the ECB. The empirical analysis of the ECB ́s monetary policy points out the systematic change in its behavior, which … means that the ECB has been more focused on the financial stability of the European banking sector instead of the standard … aim regarding the price stability. The results of the paper show how the monetary policy of the ECB is more and more …

Central bank transparency has become the topic of a lively public and academic debate on monetary policy. Unfortunately …, it has been complicated by the fact that transparency is a qualitative concept that is hard to measure. This Paper … proposes a comprehensive index for central bank transparency that comprises the political, economic, procedural, policy and …

There is a widespread belief that the transparency of UK monetary policy has increased substantially as a result of the …' anticipation. If the benefit of transparency is the elimination of policy surprise, there is little benefit if the averagely …

credibility (or lack-of-trust) problem for monetary policy. This indicates a possible and until now unexplored link between social … trust and central-bank independence. Our empirical findings, based on data from 149 countries, confirm such a link, in the … and the ability with which it can be implemented. At low trust, the need for central-bank independence is sufficiently …

operational independence in May 1997. It also checks if this credibility measure has increased the predictability of BoE decisions … influence more English interest rate volatility after May 1997. This results suggests that the credibility and/or transparency … by the BoE and the evolution of the transparency and credibility index suggest that the BoE transparency and credibility …

We define and study transparency, credibility, and reputation in a model where the central bank's characteristics are … and credibility more sensitive to its actions. This has a moderating influence on the bank's policy. Full transparency of … unobservable to the private sector and are inferred from the policy outcome. A low-credibility bank optimally conducts a more …