Arbeitspapier

Trends in monetary policy transparency

Transparency has become a prominent feature of monetary policy. This paper provides an overview of central bank communication practices and is the first to systematically analyze transparency trends throughout the world and across monetary policy frameworks. It shows that increases in information disclosure have not been confined to inflation targeting but extend to other monetary policy frameworks, although there are significant differences. In addition, countries with higher inflation and economic development have undergone larger increases in transparency. Moreover, it shows that greater transparency has been followed by lower average inflation.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 2584

Klassifikation
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Central Banks and Their Policies
Thema
Transparency
monetary policy
central bank communication
monetary policy frameworks
Geldpolitik
Staatliche Information
Zentralbank
Informationsverhalten
Welt

Ereignis
Geistige Schöpfung
(wer)
Geraats, Petra Maria
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2009

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Geraats, Petra Maria
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2009

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