Economic transparency and poverty

Helder de Mendonça () and Josè Simao Filho ()
Additional contact information
Josè Simao Filho: Universidade Federai Fluminense, Faculdade de Economia, Rio de Janeiro (Brazil)

Banca Nazionale del Lavoro Quarterly Review, 2007, vol. 60, issue 240, 33-48

Abstract: Nowadays, with the diffusion of inflation targeting, the main instrument that central banks use to achieve final objectives in the implementation of monetary policy (concerning inflation and unemployment) is the interest rate. Furthermore, recent studies point out that central bank transparency contributes to reducing asymmetric information and price stability. As inflation, unemployment and interest rates are determinants of the level of poverty, the central bank's behaviour is relevant to its reduction. Accordingly, the present paper highlights the connection betweeneconomic transparency and poverty. The theoretical and empirical results denote that central bank transparency is a useful strategy in reducing income inequality andpoverty.

Keywords: Inflation; Instrument; Interest Rates; Interest; Monetary Policy; Monetary; Policy; Prices (search for similar items in EconPapers)
JEL-codes: D31 E31 E43 E52 E58 I32 I38 (search for similar items in EconPapers)
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9877/9759 (application/pdf)

Related works:
Journal Article: Economic transparency and poverty (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:bnlqrr:2007:12

Ordering information: This journal article can be ordered from
http://www.economiacivile.it

Access Statistics for this article

Banca Nazionale del Lavoro Quarterly Review is currently edited by Alessandro Roncaglia

More articles in Banca Nazionale del Lavoro Quarterly Review from Banca Nazionale del Lavoro
Bibliographic data for series maintained by Carlo D'Ippoliti ().