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

signaling incentives under opacity. Our model may also explain the recent trend towards more transparency in monetary policy. …

desirable. We show that opacity may lead to the same equilibrium as transparency. However, additional equilibria may emerge … and its effects on inflation and output. In this case, transparency has ambiguous effects. It reduces output variance and … the distortions stemming from heterogeneous information. However, transparency generally raises the variance of inflation …

explore whether central bank cheap talk, policy transparency, both cheap talk and policy transparency or economic transparency …

Transparency has become a catchword and in the economic-political debate is often seen as a universal remedy for all … sorts of problems. In this paper, we analyze and discuss the meaning and use of the concept of transparency in economic … research. We look for common denominators across different areas where the concept is used, and find that transparency in …

partial transparency policy. We show that a partial publicity policy is more effective in improving social welfare than a … partial transparency policy. We also show that the highest level of social welfare can be achieved using only a partial …