discussion highlights a number of potential benefits and costs of central banking secrecy, and identifies some conditions under …

Conventional economic policy models focus only on selected elements of the central bank balance sheet, in particular … monetary liabilities and sometimes foreign reserves. The canonical model of an "independent" central bank assumes that it … paper considers the relatively novel idea that an independent central bank could be constrained in achieving its policy …

This paper takes the parameters in central bank loss functions as fundamental preferences to be estimated from the data … with senior central bank appointments. Optimizing central banks apply policy rules whose feedback coefficients are …