Derivation of Optimal Transparency of the Central Bank for Minimizing the Output Volatility: The Case Study of Organization of Islamic Cooperation

Mohammadali Ehsani, Asadollah Farzinvash, Nasser Elahi and Reza Izadi
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Mohammadali Ehsani: Mazandaran University
Asadollah Farzinvash: University of Tehran
Reza Izadi: Mofid University

Journal of Money and Economy, 2017, vol. 12, issue 3, 345-367

Abstract: This paper aims to optimize the Central Bank transparency level which corresponds to the minimum of output volatility in 28 states of the Organization of Islamic Cooperation (due to the maximum data availability) during the period 2003-2014. For this purpose, the Dincer-Eichengreen index is used, which includes five aspects covering

Keywords: Central Bank Transparency; Output Volatility; Optimal Transparency Level; Generalized Method of Moments (search for similar items in EconPapers)
Date: 2017
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