expectations. This paper analyses empirically whether enhanced central bank transparency lowers dispersion among professional … forecasters of key economic variables, using a large set of proxies for central bank transparency in 12 advanced economies. It … finds evidence for a significant and sizeable effect of central bank transparency on forecast dispersion, be it by means of …

Central Bank transparency: an analysis of the Brazilian case. Nowadays there is a tendency among central banks of … increasing transparency in the conduction of the monetary policy. After the adoption of inflation targeting in Brazil there was … recent theoretical and empirical literature concerning this subject. Furthermore, an analysis due to the transparency in the …