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Central banks have become more and more transparent about their monetary policy making process. In the central bank transparency literature the distinction between actual and perceived central bank transparency is often lacking. However, as perceptions are crucial for the actions of economic...
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: the transparency and credibility of decision making and the ECB's decentralized structure. After showing that transparency … in decision making enhances credibility, the book discusses the ECB's efforts at openness, its political independence as …
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Geldpolitik und die Frage, wer die endgültige Verantwortung für die Geldpolitik trägt. Das Papier zeigt auf, dass die …
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