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explore whether central bank cheap talk, policy transparency, both cheap talk and policy transparency or economic transparency … flexibility and credibility. …
Persistent link: https://www.econbiz.de/10011572114
Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this weak link and present the argument that monetary commitment...
Persistent link: https://www.econbiz.de/10009569729
function as a guide for the inflationary expectations of economic agents, transparency in the handling of the monetary policy … empirical research concerning transparency in handling monetary policy. The main conclusion suggests that transparency must be … understood as a mechanism that, if used in correctly, can favor a rise in credibility in the handling of monetary policy. …
Persistent link: https://www.econbiz.de/10005784947
stability, bank independence, transparency or credibility may differ from country to country, despite their level of development …
Persistent link: https://www.econbiz.de/10008853240
caused by uncertainty about the economic disturbances to which the central bank responds. Only perfect transparency about …
Persistent link: https://www.econbiz.de/10001612960
We examine how the transparency of the European Central Bankś monetary policy affects the amount of trust that the … Commissionś Eurobarometer survey from 2000-2011 and estimate probit regressions with sample selection. We find that transparency … exerts a non-linear effect on trust. Transparency increases trust, but only up to a certain point; too much transparency …
Persistent link: https://www.econbiz.de/10011375697
caused by uncertainty about the economic disturbances to which the central bank responds. Only perfect transparency about …
Persistent link: https://www.econbiz.de/10011419400
In contrast to the once prevailing norm of secrecy and opaqueness, transparency has now become one of the main features … converged markedly in the direction of ever greater transparency. Empirical evidence is consistent with the hypothesis that … transparency contributes to the successful conduct of monetary policy: higher transparency is a typical element of monetary …
Persistent link: https://www.econbiz.de/10008498035
. Nowadays, we can observe an increasing trend upon central bank transparency, for evaluating more accurate the central bank … the construction of the most important indices regarding central bank independence, transparency and accountability in a … the necessity for constructing an aggregate index for measuring central bank independence, transparency and accountability …
Persistent link: https://www.econbiz.de/10010889825
In contrast to the once prevailing norm of secrecy and opaqueness, transparency has now become one of the main features … converged markedly in the direction of ever greater transparency. Empirical evidence is consistent with the hypothesis that … transparency contributes to the successful conduct of monetary policy: higher transparency is a typical element of monetary …
Persistent link: https://www.econbiz.de/10012447068