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Den meisten Akademikern und politischen Entscheidungsträgern zufolge ist Transparenz in der Geldpolitik wünschenswert …. In diesem Fall kann Transparenz negative Folgen haben. Sie kann sich sogar als eine die Geldpolitik verzerrende …According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this …
Persistent link: https://www.econbiz.de/10011419293
According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this … proposition in a small theoretical model emphasizing forward-looking private sector behavior. Transparency makes it easier for …, transparency may be disadvantageous. It may actually be a policy-distorting straitjacket if the central bank enjoys low …
Persistent link: https://www.econbiz.de/10011537304
According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this … proposition in a small theoretical model emphasizing forwardlooking private sector behavior. Transparency makes it easier for …, transparency may be disadvantageous. It may actually be a policy-distorting straitjacket if the central bank enjoys low …
Persistent link: https://www.econbiz.de/10001558074
According to most academics and policymakers, transparency in monetary policymaking isDen meisten Akademikern und … politischen Entscheidungsträgern zufolge ist Transparenz …
Persistent link: https://www.econbiz.de/10012991286
Persistent link: https://www.econbiz.de/10012991297
Persistent link: https://www.econbiz.de/10014378842
According to most academics and policymakers, transparency in monetary policymaking is good for society. I examine this … proposition in a small theoretical model where more transparency makes it easier for price setters to infer the central bank … contrast with popular perceptions and most existing literature, I find that transparency need not always be advantageous. It …
Persistent link: https://www.econbiz.de/10014146126
This study examines monetary policy and central bank communication when a monetary instrument signals the central bank's private information. A novel feature is that the central bank ex ante determines how much information it acquires and how much of this information it releases to the public....
Persistent link: https://www.econbiz.de/10012930476
Transparency has become a catchword and in the economic-political debate is often seen as a universal remedy for all … sorts of problems. In this paper, we analyze and discuss the meaning and use of the concept of transparency in economic … research. We look for common denominators across different areas where the concept is used, and find that transparency in …
Persistent link: https://www.econbiz.de/10010393290
After the recent global financial crisis, central banks in advanced and developing economies found themselves unable to stick to their mandate goal of price stability by resorting to traditional instruments of monetary policy. When key interest rates approached the zero bound, the need to...
Persistent link: https://www.econbiz.de/10012923581