This paper provides empirical evidence in favor of prompter and more detailed release of Monetary Policy Council's voting records, not published by National Bank of Poland before subsequent MPC meeting. The study shows that voting records, if they were available, could improve predictability of...

Current best practice in central banking views a high level of monetary policy predictability as desirable. A clear distinction, however, has to be made between short-term and longer-term predictability. While short-term predictability can be narrowly defined as the ability of the public to...

This article compares two types of monetary policy rules - the Taylor-Rule and the Orphanides-Rule - with respect to their forecasting properties for the policy rates of the European Central Bank. In this respect the basic rules, results from estimated models and augmented rules are compared....