Borradores de Economia
Número:
711
Publicado:
Clasificación JEL:
E52, E58, D82
Palabras clave:
Central Bank Announcements, Monetary policy, Transparency
Lo más reciente
Leonardo Fabio Morales, Leonardo Bonilla-Mejía, Didier Hermida-Giraldo, Francisco Javier Lasso-Valderrama, José Pulido
Leonardo Fabio Morales, Juan Chaparro-Cardona, Eleonora Dávalos, Nataly Corredor-Martinez
Oscar Botero-Ramírez, Andrés Murcia, Hernando Vargas-Herrera
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