that is optimal with respect to its perhaps mistaken view. In this context, it turns out that transparency is particularly …

literature considers transparency a means to establish central bank’s credibility. The contribution of this paper is twofold …. Indeed, the degree of central bank’s transparency influences the effectiveness of its policy to stabilize inflation in terms …-push shocks. Second, it stresses that transparency is not just a means to achieve credibility but is essential per se for the …

literature considers transparency a means to establish central bank’s credibility. The contribution of this paper is twofold …. Indeed, the degree of central bank’s transparency influences the effectiveness of its policy to stabilize inflation in terms …-push shocks. Second, it stresses that transparency is not just a means to achieve credibility but is essential per se for the …

that is optimal with respect to its perhaps mistaken view. In this context, it turns out that transparency is particularly …

This paper analyzes the welfare effects of economic transparency in the conduct of monetary policy. We propose a model … monetary policy and the optimal central bank's disclosure. We define transparency as an announcement by the central bank that … allows firms to identify the rationale behind the instrument. It turnsout that transparency is welfare increasing (i) when …

all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …

all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … transparency and partial publicity to control market reaction to their disclosures. …

all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game … either communication strategy. This paper, however, makes a case for partial transparency rather than partial publicity …

This article analyses the effects of economic transparency on the optimal monetary policy in an economy affected by … the economy. Transparency is optimal as long as the central bank does not weight the stabilisation of the output gap too …