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: 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 …
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We assess whether the voting records of central bank boards are informative about future monetary policy. First, we specify a theoretical model of central bank board decision-making and simulate the voting outcomes. Three different versions of model are estimated with simulated data: 1)...
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that the results have implications for debate surrounding the opacity of banks and the transparency requirements that may …
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This paper reports the results of a survey among private sector economists about credibility and transparency of …
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transparency-enhancing measures, such as voting records, transcripts or minutes of policy meetings, and conditional interest rate … transparency-enhancing measures will improve central bank predictability. …
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