of their transparency and communication measures. We analyze the impact of central bank transparency on the accuracy of … 7 advanced economies. Interestingly, while it is found of significance of central bank transparency and communication … account as a share of GDP) are a bit affected by the central bank transparency measures considered in the paper. Inflation …

This paper asks the question: can central bank transparency go too far? Transparency is beneficial only when it serves …, particularly a central bank announcement of its objective function or projections of the path of the policy interest rate, will … complicate the communication process and weaken support for a central bank focus on long-run objectives. Transparency can indeed …

from being too high, and by indicating that the central bank will pursue expansionary policies when output falls very far … will increase support for the central bank's policies and independence, but avoid a focus on the short run that could … interfere with the ability of the central bank to do its job effectively …

subject to uncertainty and often revised significantly. This paper assesses whether questions in the Bank of Canada's Business … the output gap used by the Bank of Canada. This supports the Bank's practice of using information contained in the BOS to …

uncertainty forecasts from the Bank of England, the Banco Central do Brasil, the Magyar Nemzeti Bank and the Sveriges Riksbank to …

Indicators. In response to a positive central bank information shock, survey participants revise their now- and short …