expectations. This paper analyses empirically whether enhanced central bank transparency lowers dispersion among professional … forecasters of key economic variables, using a large set of proxies for central bank transparency in 12 advanced economies. It … finds evidence for a significant and sizeable effect of central bank transparency on forecast dispersion, be it by means of …

required, might then be harder to understand. Using variation in the drafting process at the Bank of Canada, this paper studies … the extent to which similarity in central bank statements matters for the reception of their content in financial markets …

understand the monetary policy framework of a central bank, i.e. its objectives and systematic behaviour in reacting to different … central bank. This paper reviews the main conceptual issues relating to predictability, both in its short and longer …

economy, the introduction of new policy tools and possible limits to the central bank 's toolkit could hamper the … only a short horizon, and that the credibility of forward guidance is strengthened if the central bank also has embarked on …

This paper reports the results of a survey of former members of the Governing Council of the European Central Bank … view enhancing credibility and trust as the most important objective of central bank communication. They judge … the communication with the general public. The central bank objective is widely seen as the most important topic for …

Whether Federal Reserve Bank presidents have the right to vote on the U.S. monetary policy committee depends on a …