The unprecedented uncertainty brought about by the Covid-19 pandemic has wreaked havoc on the global economic, social, and political environment. Leaders across the globe have felt the need for incorporating urgent measures to counter these challenges in a constructive way. This study sheds...

Transparency has become an almost universal virtue among central banks. The paper tests empirically, for the case of the Federal Reserve, two hypotheses about central bank transparency derived from the debate of Morris and Shin (2002) and Svensson (2006). First, the paper finds that the...