Central bank transparency and shocks

Daniel Laskar ()

Economics Letters, 2010, vol. 107, issue 2, 158-160

Abstract: According to the literature, in an expectations-augmented Phillips curve model, opacity is always preferred to transparency on central bank forecasts. By modelling the private sector's behavior explicitly, we show that transparency reduces the shocks. Consequently, transparency can be preferred.

Keywords: Central; bank; Transparency; Phillips; curve; Shocks (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (9)

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Working Paper: Central Bank Transparency and Shocks (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:107:y:2010:i:2:p:158-160

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