Add to ORKGWe investigate whether a higher level of central bank transparency can reduce the degree of disagreement across individual forecasters; also, whether it can improve the forecasting performance of survey respondents. The analysis is carried out on a panel dataset that is richer than those used by previous studies. This unique dataset allows us to test both for causality and misspecification. Moreover, it allows us to identify the effects of various aspects of transparency separately and to assign weights to them reflecting their relative importance in reducing uncertainty. Finally, we construct a new composite measure of transparency using the estimated weights.JRC.B.1-Finance and Econom
In this paper, using a cross-sectional analysis and instrumental variables tech-nique, we analyze th...
Central banks have become more and more transparent about their monetary policy making process. In t...
During the last decades a lot of central banks have become more transparent about their monetary pol...
There is no consensus in the literature with regard to how the overall degree of central bank transp...
Central banks have become remarkably more transparent over the last few decades. In this paper, we s...
There is a broad consensus in the literature that costs of information processing and acquisition ma...
In a large sample of countries across different geographic regions and over a long period of time, w...
Central banks worldwide have become more transparent. An important reason is that democratic societi...
Central banks worldwide have become more transparent. An important reason is that democratic societi...
Using survey data from 25 economies we provide evidence that greater transparency surrounding moneta...
Using survey data from 25 economies we provide evidence that greater transparency surrounding moneta...
Using survey data from 25 economies we provide evidence that greater transparency surrounding moneta...
Recently, several central banks have abandoned the usual secrecy in monetary policy and become very ...
Central banks have become increasingly transparent during the last decade. One of the main benefits ...
Greater transparency in central bank operations is the most dramatic change in the conduct of moneta...
In this paper, using a cross-sectional analysis and instrumental variables tech-nique, we analyze th...
Central banks have become more and more transparent about their monetary policy making process. In t...
During the last decades a lot of central banks have become more transparent about their monetary pol...
There is no consensus in the literature with regard to how the overall degree of central bank transp...
Central banks have become remarkably more transparent over the last few decades. In this paper, we s...
There is a broad consensus in the literature that costs of information processing and acquisition ma...
In a large sample of countries across different geographic regions and over a long period of time, w...
Central banks worldwide have become more transparent. An important reason is that democratic societi...
Central banks worldwide have become more transparent. An important reason is that democratic societi...
Using survey data from 25 economies we provide evidence that greater transparency surrounding moneta...
Using survey data from 25 economies we provide evidence that greater transparency surrounding moneta...
Using survey data from 25 economies we provide evidence that greater transparency surrounding moneta...
Recently, several central banks have abandoned the usual secrecy in monetary policy and become very ...
Central banks have become increasingly transparent during the last decade. One of the main benefits ...
Greater transparency in central bank operations is the most dramatic change in the conduct of moneta...
In this paper, using a cross-sectional analysis and instrumental variables tech-nique, we analyze th...
Central banks have become more and more transparent about their monetary policy making process. In t...
During the last decades a lot of central banks have become more transparent about their monetary pol...