high degree of transparency and accountability. It was introduced in New Zealand in 1990, has been very successful in terms …

There is a widespread belief that the transparency of UK monetary policy has increased substantially as a result of the … of agents’ anticipation. If the benefit of transparency is the elimination of policy surprise, there is little benefit if …

expectations. This paper analyses empirically whether enhanced central bank transparency lowers dispersion among professional … forecasters of key economic variables, using a large set of proxies for central bank transparency in 12 advanced economies. It … finds evidence for a significant and sizeable effect of central bank transparency on forecast dispersion, be it by means of …

expectations. This paper analyses empirically whether enhanced central bank transparency lowers dispersion among professional … forecasters of key economic variables, using a large set of proxies for central bank transparency in 12 advanced economies. It … finds evidence for a significant and sizeable effect of central bank transparency on forecast dispersion, be it by means of …

poor performances. Its nature is determined by targeted inflation rate, high level of transparency in monetary policies …

stability, bank independence, transparency or credibility may differ from country to country, despite their level of development …

the goals of the Eurosystem, the role of the exchange rate management in the EMU, and the accountability and transparency … low transparency. Inflation targeting and monetary targeting, in practice, imply similar policy decisions, but monetary … Parliament may have a crucial role in ensuring the accountability of the Eurosystem; the minimum transparency needed for …

We quantify the effects of monetary policy transparency and credibility on macroeconomic volatility in an estimated …