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 …

community. Three coordination tensions are identified at different temporal dimensions, namely obtaining adequate transparency …

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 …

the notion of transparency. …

of transparency, in this paper we consider one potential cost: the possibility that publishing detailed records of …

classical models of bank runs. We build a model of banks’ liquidity crises that possesses a unique Bayesian equilibrium. In this … equilibrium, there is a positive probability that a solvent bank cannot …nd liquidity assistance in the market. We derive policy … implications about banking regulation (solvency and liquidity ratios) and interventions of the Lender of Last Resort as well as on …

This paper analyses the ECB communication, focusing in particular on its transparency dimension. We posit that if the …

transparency on action and transparency on consequence. The results are used to interpret existing disclosure policies in politics … transparency on action is detrimental to the principal. The paper also shows the existence of complementarities between …

these signals sufficiently differ. We derive some implications for information dissemination policy. Transparency in this …

monetary policy and the optimal central bank's disclosure. We define transparency as an announcement by the central bank that …This paper analyzes the welfare effects of economic transparency in the conduct of monetary policy. We propose a model … allows firms to identify the rationale behind the instrument. It turnsout that transparency is welfare increasing (i) when …