Central bank transparency versus GDP volatility
Actual versus Perceived Central Bank Transparency: The Case of the European Central Bank
... Second, people’s inflation perceptions are affected by psychological factors. Af- ter the introduction of the Euro, people perceived inflation as being much higher than it actually was and even when actual inflation ...
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Central bank transparency and exchange rate volatility effects on inflation-output volatility
... on transparency from 36 central banks for the period 1998- 2005 4 , and historical volatility measures for GDP growth, nominal effective exchange rate changes and inflation 5 , we examine the ...
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Central bank communication, transparency and interest rate volatility: Evidence from the USA
... to central bank talk, and that FOMC directions are followed up in the ensuing ...lower volatility of forward rates between FOMC meetings during the two regimes in comparison to the period before ...
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Central Bank transparency and central bank communication: Editorial introduction.
... the Bank of ...of central banks to prepare markets for the upcoming ...the Bank of England intensify the frequency of communication in order to convey their intention of an interest rate ...across ...
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Central Bank Independence, Accountability and Transparency
... the central bank with this task, giving it full instrumental independence of choosing the proper means of ensuring low inflation rates and inflation expectations, and endowing it with institutional ...
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The Economic Impact of Central Bank Transparency.
... of central banks changed their regime into a more transparent ...As central banks became independent, transparency gained importance because it is a necessary prerequisite of accountability, for ...
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Central Bank Transparency in Theory and Practice
... of Central Bank ...increasing transparency stabilises in‡ation but appears to in- crease output ...operational transparency is ...output volatility relationship is genuinely ...
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Central Bank transparency and the U S interest rates level and volatility response to U S news
... Munich Personal RePEc Archive.. Central Bank transparency and the U.S[r] ...
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Unions, fiscal policy and central bank transparency
... of transparency become more ...authorities, transparency reduces inflation and the output gap, but it generates higher macroeconomic ...CB’s transparency across ...
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Central Bank Transparency and Bank Lending rates: Australian Evidence
... important factor resulting in a more stable environment. However, Campbell and Lewis (1998) found that announcement of changes in the cash target rate was incorporated into market rates virtually instantaneously, in the ...
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Disclosure, volatility, and transparency: and empirical investigation into the value of bank disclosure
... may be required to issue profit warnings when there is information indicating that the firm may not achieve its stated earnings target. Information may also be disclosed by third parties. Rating agencies have access to ...
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Fiscal policy, institutional quality and central bank transparency
... the volatility of inflation. For example, when the degree of central bank conservativeness is sufficiently high and the initial degree of opacity is sufficiently low, their effects are mutually ...
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Fiscal policy, institutional quality and central bank transparency
... the volatility of inflation. For example, when the degree of central bank conservativeness is sufficiently high and the initial degree of opacity is sufficiently low, their effects are mutually ...
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Does Central Bank Transparency Matter for Economic Stability
... The central bank needs to set φ x > 0 to guarantee ...of transparency has the effect of increasing the policy rules that do not induce instability under ...the central bank should choose ...
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Central Bank Transparency: Where, Why, and with What Effects?
... policy transparency should be associated with more stability because it allows the public to adjust more quickly to policy actions; but others suggest that a more transparent monetary policy may be associated with ...
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Changing central bank transparency in Central and Eastern Europe during the financial crisis
... the central banks are, the smaller the absolute forecast errors are and the smaller the degree of disagreement across individual forecasters is after controlling for the overall difficulty of ...the ...
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CENTRAL BANK TRANSPARENCY*
... most central banks promptly announce decisions about the settings of their operational instrument or ...few central banks that provide a policy ...Reserve Bank of New Zealand takes the unusual ...
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Trends in Central Bank Transparency
... countries, Central Banks make predictions about the actions they imply, propose solutions in case of not meeting the targets and al- most extensively analyze their policy inclination after every meeting, while ...
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Central Bank Transparency and Shocks
... prefers transparency to opacity if and only if, at the equilibrium, employment is more stabilized under transparency than under opacity (because, from (3) , if employment is more stabilized, then in- ...
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Central Bank Transparency and Shocks
... prefers transparency to opacity if and only if, at the equilibrium, employment is more stabilized under transparency than under opacity (because, from (3) , if employment is more stabilized, then in- ...
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