Hansen, Stephen Eliot; McMahon, Michael; Prat, Andrea - Department of Economics and Business, Universitat … - 2014
How does transparency, a key feature of central bank design, affect the deliberation of monetary policymakers? We … (particularly Latent Dirichlet Allocation) to measure the effect of increased transparency on debate. Commentators have hypothesized … the career concerns literature uncovers evidence for both effects. However, the net effect of increased transparency …