mandatory disclosure of facility-level emissions. A facility's prior GHG inefficiency predicts subsequent GHG emissions … reductions, but only after public disclosure occurs, which lags reporting to the regulator considerably. Industry emissions …, I estimate pre-reporting period emissions and find that reporting to the regulator, prior to disclosure, does not lead …

: transparency of actual monetary policy and the question of who bears final responsibility for monetary policy. The paper shows that … accountability through transparency leads to a lower expected rate of inflation and less stabilization of supply shocks …