Transparency : can central banks commit to truthful communication?

Número: 
711
Publicado: 
Clasificación JEL: 
E52, E58, D82
Palabras clave: 
Central Bank Announcements, Monetary policy, Transparency

Lo más reciente

Lina Fernanda Torres-Gutierrez, Gonzalo Ossa-Stipcianos, Edwin Mauricio Parra-Rodriguez, Egberto Alexander Riveros, Alvaro José Martinez-Monroy, Julián Andrés Gomez-Duran, Juan Sebastián Rojas-Moreno

To evaluate whether transparency is beneficial, it is usual to assume that the central bank may choose one of two options, opacity versus truthful communication. However, the monetary policymaker may have incentives to misrepresent private information so