Central Bank Transparency and Shocks

Daniel Laskar ()

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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: shocks; central bank; transparency; Phillips curve; shocks. (search for similar items in EconPapers)
Date: 2010-05
New Economics Papers: this item is included in nep-cba, nep-mac and nep-mon
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00560261v1
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Citations: View citations in EconPapers (9)

Published in Economics Letters, 2010, 107 (2), pp.158-160. ⟨10.1016/j.econlet.2010.01.012⟩

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Journal Article: Central bank transparency and shocks (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00560261

DOI: 10.1016/j.econlet.2010.01.012

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