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 …

, coordinated messages that are anchored in the central banks' mandate are essential. We focus upon transparency and "forward … effectiveness of central bank's policies can be improved through more transparency and "forward guidance". We do so by highlighting …

, coordinated messages that are anchored in the central banks' mandate are of essence. We focus upon transparency and "forward … effectiveness of central bank's policies can be improved through more transparency and "forward guidance". We do so by highlighting …

Transparency has become one of the main features of monetary policymaking during the last decade. This paper … establishes some stylized facts. In addition, it provides a systematic overview of the practice of monetary policy transparency … framework, including inflation targeting. Nevertheless, the paper finds significant differences in transparency across monetary …

Transparency has become a prominent feature of monetary policy. This paper provides an overview of central bank … communication practices and is the first to systematically analyze transparency trends throughout the world and across monetary … inflation and economic development have undergone larger increases in transparency. Moreover, it shows that greater transparency …

It is argued in literature that transparency may be detrimental to welfare. Morris and Shin (2002) suggest reducing the …