In this paper we investigate central bank accountability by looking at the effect of transparency in a simple monetary … banker's preferences for inflation stabilization relative to output stabilization. Transparency enhances the central bank …'s accountability. The paper shows that transparency leads to a lower expected rate of inflation and less stabilization of supply shocks. …

private information on shocks to money demand and, because of verifiability problems, the transparency solution is not …

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 …

I report some personal views and reflections on transparency experiences and transparency challenges following my first … transparency in inflation targeting and committee decisions on instrument-rate paths, (3) the management of interest … transparency and flexible inflation targeting that I believe would be desirable. …