Baeriswyl, Romain; Cornand, Camille - 2007 - First version: January 2006 - This version: December 2006
literature considers transparency a means to establish central bank's credibility. The contribution of this paper is twofold …. Indeed, the degree of central bank's transparency influences the effectiveness of its policy to stabilize inflation in terms …-push shocks. Second, it stresses that transparency is not just a means to achieve credibility but is essential per se for the …