We develop a comprehensive index of the transparency of central banks regarding their policy framework to promote … financial stability for 110 countries from 2000 to 2011 and examine the determinants and effects of this transparency. We find … that the degree of transparency increased in the 2000s, though it still varied greatly across the countries in our study …

There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper …. Furthermore, it reviews the theoretical literature on monetary policy transparency and relevant empirical findings. The focus is …

: transparency of actual monetary policy and the question of who bears final responsibility for monetary policy. The paper shows that … accountability through transparency leads to a lower expected rate of inflation and less stabilization of supply shocks …

transparency and communication strategies of the central banks. The results of the Survey reveal that today the central banks pay … much attention to the proper transparency and provide significant information about their decisions and policy making … process. The overall conclusion of the Monetary policy communication Survey is that the communication and the transparency of …

respect to transparency. Previous literature has argued that domestic factors such as macroeconomic stability were behind the … trend toward greater transparency. In contrast, our results indicate that transparency primarily increased because of a … from each other's experiences regarding transparency. To our knowledge, our paper is the first econometric analysis of peer …

signaling incentives under opacity. Our model may also explain the recent trend towards more transparency in monetary policy. …