Chortareas, Georgios; Stasavage, David; Sterne, Gabriel - In: International Journal of Finance & Economics 7 (2002) 2, pp. 141-55
We examine how inflation and the costs associated with disinflation episodes are related to monetary policy transparency. We develop a simple model that demonstrates how transparency may result in lower inflation. Our empirical results show that in general, transparency may be associated with...