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 …

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the … credible and lack transparency. If policies are imperfectly credible, then transparency helps private agents to learn the …-country evidence that monetary policy transparency and fiscal credibility reduce the incidence of export price volatility on output …

the inflation target is raised? What role for central bank transparency? We find that trend inflation does not affect … determinate, is always E-stable under transparency. In the AF/PM case the equilibrium is always determinate and E-stable under … both transparency and opacity. We find the degree of price stickiness to be a crucial structural parameter. In particular …

Recent formal models of accountability allow us to make different conditional predictions about how transparency … transparency, gubernatorial elections, and tax increases in a small structural model. We do not find that budget transparency has a … direct effect on incumbent retention, but we do find clear evidence that increased transparency dampens the negative effect …