We study the effects of Central Bank transparency on inflation and the output gap. We thus identify a small analytical …

literature is that being transparent about its operations and beliefs hinders the central bank in achieving the best outcome. In … other words, a central bank needs flexibility and therefore cannot be fully transparent. Using a forward-looking New …-Keynesian model, we find exactly the opposite. A central bank that is conservative improves output stabilization by being transparent …

be willing or able to process all the information that the central bank provides. In this paper, we explicitly take the …The central bank's influence on private sector expectations is an important channel of monetary policy. Therefore, it … is important for a central bank to pay attention to its communication. It should also be aware that the public might not …

We study the effects of Central Bank transparency on inflation and the output gap. We thus first identify a small …

of the Crowds. We use an analytical information model to demonstrate and explain this. Then we see how these two … predictions are affected by better public information and show that while individual predictions always improve, collective ones … better information. We use two examples to show where this might be applicable. …

We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure … clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, and Sveriges Riksbank using the …