This paper studies monetary policy committee transparency (MPCT) based on a new index that measures central bankers … variables and institutional transparency, as well as instrumenting MPCT in various ways. …

In this paper we investigate central bank accountability by looking at the effect of transparency in a simple monetary … banker's preferences for inflation stabilization relative to output stabilization. Transparency enhances the central bank …'s accountability. The paper shows that transparency leads to a lower expected rate of inflation and less stabilization of supply shocks. …

respect to transparency. Previous literature has argued that domestic factors such as macroeconomic stability were behind the … trend toward greater transparency. In contrast, our results indicate that transparency primarily increased because of a … from each other's experiences regarding transparency. To our knowledge, our paper is the first econometric analysis of peer …

According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this … proposition in a small theoretical model emphasizing forwardlooking private sector behavior. Transparency makes it easier for …, transparency may be disadvantageous. It may actually be a policy-distorting straitjacket if the central bank enjoys low …

members. It investigates the optimal transparency, and the optimal way of transmitting information of committees, by analysing … asymmetric information between the committee and market agents. Transparency about the diversity of views of the committee …

explore whether central bank cheap talk, policy transparency, both cheap talk and policy transparency or economic transparency …

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. …

Despite the recent trend towards greater transparency of monetary policy, in many respects mystique still prevails in … assumption of imperfect common knowledge about the degree of central bank transparency, economic outcomes are affected by both … the actual and perceived degree of transparency. It is shown that actual transparency is beneficial while it may be useful …