Hayo, Bernd; Mazhar, Ummad - 2011 - This version: 28 September 2011
inflation, quality of institutional setup, and extent of Internet use in a country are important determinants of MPCT. MPCT has … a robust and significantly negative impact on inflation variability, even after controlling for important macroeconomic …This paper studies monetary policy committee transparency (MPCT) based on a new index that measures central bankers …