DAI, Meixing; SIDIROPOULOS, Moïse; Spyromitros, Eleftherios - Bureau d'Économie Théorique et Appliquée (BETA), … - 2009
Using a New Keynesian small open economy model, we examine the effects of central bank transparency on inflation persistence. We have found that more opacity could reinforce the effect of persistent shocks on the level and variability of endogenous variables if the difference between the...
