Central Bank Minutes

Danielle Kedan and Rebecca Stuart

No 12/EL/14, Economic Letters from Central Bank of Ireland

Abstract: This Letter compiles information on central bank minutes from a number of sources. First, we look at the academic literature which suggests that central bank minutes can provide additional information above other forms of communication. Second, we make use of a comprehensive set of information on 120 central banks assembled by Dincer and Eichengreen (2014) to examine which central banks publish accounts and how this has evolved over time. Finally, we collate material on the minutes of 24 central banks, summarising their format and main features across four dimensions: length, timeliness, attribution (subdivided into general discussion and voting) and dissent. We find that although only a relatively small proportion of central banks publish minutes, there is a wide diversity in the economies that these banks operate in, and in the characteristics of the minutes that they publish.

Date: 2014-11
New Economics Papers: this item is included in nep-mon
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