Central banks and information provided to the private sector

Giovanni Di Bartolomeo () and Enrico Marchetti

Macroeconomics from EconWPA

Abstract: This paper examines the information provided to the private sector by central anks. By using the principal component analysis, we investigated the variance of the procedural rules followed by nine major central banks about information reatments. We investigate problems related to the information coming from the entral banks by focusing on the quantity and quality perspectives and highlight the methodological complexity of the investigation. We find that a synthetic uantitative index of transparency is not enough to represent the phenomenon ince it can result misleading in understanding the behavior of institutionally different central banks associated with the same index values.

Keywords: Central bank transparency; principal components; monetary policy. (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
Date: Written 2005-04-16
Note: Type of Document - pdf; pages: 30
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http://129.3.20.41/eps/mac/papers/0504/0504025.pdf (application/pdf)

Related works:
Working Paper: Central Banks and Information Provided to the Private Sector (2003)
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