In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the … credible and lack transparency. If policies are imperfectly credible, then transparency helps private agents to learn the …-country evidence that monetary policy transparency and fiscal credibility reduce the incidence of export price volatility on output …

: transparency of actual monetary policy and the question of who bears final responsibility for monetary policy. The paper shows that … accountability through transparency leads to a lower expected rate of inflation and less stabilization of supply shocks …

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 …

There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper …. Furthermore, it reviews the theoretical literature on monetary policy transparency and relevant empirical findings. The focus is …

. This paper shows that such economic transparency could give central banks greater flexibility to respond to macroeconomic …

indeed have improved transparency in the sense that information is now released to the markets at an earlier time and with …