According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this proposition in a small theoretical model emphasizing forward-looking private sector behavior. Transparency makes it easier for price setters to infer the central bank's future policy...

We implement a repeated version of the Barro-Gordon monetary policy game in the laboratory and ask whether reputation serves as a substitute for commitment, enabling the central bank to achieve the efficient Ramsey equilibrium and avoid the inefficient, time-inconsistent one-shot Nash...

'Transparency' has become both a catch-word in public debate and also an important research topic. Comprised of authoritative yet accessible contributions, this handbook surveys existing economic research on transparency and provides an up-to-date account of its meaning and significance in...

Eine Krise jagt die andere: Klima-, Finanz- und Corona Krise. Die etablierten Wissenschaften schweigen dazu, verweigern sich, Verantwortung zu übernehmen. Dies zu ändern, ist das Anliegen der engagierten Autoren dieses Textes. Dieser will ein neues Verständnis für Zusammenhänge und Ursachen...