Central Bank Transparency and Shocks

Daniel Laskar

PSE-Ecole d'économie de Paris (Postprint) from HAL

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
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 (7)

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

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Related works:
Journal Article: Central bank transparency and shocks (2010)
Working Paper: Central Bank Transparency and Shocks (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-00560261

DOI: 10.1016/j.econlet.2010.01.012

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