How Transparent Are Central Banks?

Sylvester Eijffinger and Petra Geraats ()

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: Central bank transparency has become the topic of a lively public and academic debate on monetary policy. Unfortunately, it has been complicated by the fact that transparency is a qualitative concept that is hard to measure. This paper proposes a comprehensive index for central bank transparency that comprises the political, economic, procedural, policy and operational aspects of central banking. The index is compiled for nine major central banks. It is based on a detailed analysis of actual information disclosure and reveals a rich variety in the degree and dynamics of central bank transparency.

Keywords: central bank transparency; monetary policy (search for similar items in EconPapers)
JEL-codes: E52 E58 (search for similar items in EconPapers)
Pages: 37
Date: 2004-01
Note: MA
References: View complete reference list from CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
https://files.econ.cam.ac.uk/repec/cam/pdf/cwpe0411.pdf (application/pdf)

Related works:
Journal Article: How transparent are central banks? (2006)
Working Paper: How transparent are central banks? (2006)
Working Paper: How Transparent are Central Banks? (2002)
Working Paper: How Transparent are Central Banks? (2002)
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:cam:camdae:0411

Access Statistics for this paper

More papers in Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge
Bibliographic data for series maintained by Jake Dyer ().