According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this … proposition in a small theoretical model emphasizing forwardlooking private sector behavior. Transparency makes it easier for …, transparency may be disadvantageous. It may actually be a policy-distorting straitjacket if the central bank enjoys low …

According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this … proposition in a small theoretical model emphasizing forwardlooking private sector behavior. Transparency makes it easier for …, transparency may be disadvantageous. It may actually be a policy-distorting straitjacket if the central bank enjoys low …

According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this … proposition in a small theoretical model emphasizing forward-looking private sector behavior. Transparency makes it easier for …, transparency may be disadvantageous. It may actually be a policy-distorting straitjacket if the central bank enjoys low …