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
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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
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Objekttyp
- Arbeitspapier
Beteiligte
- Geraats, Petra Maria
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2009