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We examine how the transparency of the European Central Bankś monetary policy affects the amount of trust that the … Commissionś Eurobarometer survey from 2000-2011 and estimate probit regressions with sample selection. We find that transparency … exerts a non-linear effect on trust. Transparency increases trust, but only up to a certain point; too much transparency …
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We examine "Forward Guidance Contracts", which make central bankers' utility contingent on the precision of interest-rate forecasts for some time. Such Forward Guidance Contracts are a exible commitment device and can improve economic performance when the economy is stuck in a liquidity trap....
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Indonesia: Detailed Assessment of Observance of IMF Code of Good Practices on Transparency in Monetary and Financial …
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