This paper presents a methodology and first results of the zIndex - a public procurement benchmarking tool for contracting authorities that measures a deviation from best practice recommendations. zIndex is a composite index mapping many issues in the areas of openness, competition and...

This paper presents a methodology and first results of the zIndex - a public procurement benchmarking tool for contracting authorities that measures a deviation from best practice recommendations. zIndex is a composite index mapping many issues in the areas of openness, competition and...

This paper focuses on the empirical link between monetary policy transparency and output volatility. The questions addressed are: (i) Does transparency about policy processes stabilize output? (ii) Do different aspects of transparency differ qualitatively or quantitatively in terms of their...

In this paper we investigate the effect of central bank transparency on survey forecasts. Similar to Ehrmann et al. (2010), we find that greater transparency can reduce the degree of disagreement across individual forecasters and it can also improve the forecasting performance of survey...

In this paper we investigate the effect of central bank transparency on survey forecasts. Similar to Ehrmann et al. (2010), we find that greater transparency can reduce the degree of disagreement across individual forecasters and it can also improve the forecasting performance of survey...