The Economic Impact of Central Bank Transparency: A Survey

C.A.B. van der Cruijsen, S.C.W. Eijffinger

Research output: Working paperDiscussion paperOther research output

331 Downloads (Pure)

Abstract

We provide an up-to-date overview of the literature on the desirabil- ity of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its e¤ects has been carried out. First, we show how the theoretical literature has evolved, by looking into branches inspired by Cukierman and Meltzer (1986) and by investigating several, more recent, research strands (e.g. coordination and learning). Then, we summarize the empirical literature which has been growing more recently. Last, we discuss whether: -the empirical research resolves all theoretical question marks, -how the ndings of the literature match the actual practice of central banks, and -where there is scope for more research.
Original languageEnglish
Place of PublicationTilburg
PublisherMacroeconomics
Number of pages43
Volume2007-06
Publication statusPublished - 2007

Publication series

NameCentER Discussion Paper
Volume2007-06

Fingerprint

Economic impact
Central bank transparency
Central bank
Empirical research
Economics
Transparency

Keywords

  • Central Bank Transparency
  • Monetary Policy
  • Survey

Cite this

van der Cruijsen, C. A. B., & Eijffinger, S. C. W. (2007). The Economic Impact of Central Bank Transparency: A Survey. (CentER Discussion Paper; Vol. 2007-06). Tilburg: Macroeconomics.
van der Cruijsen, C.A.B. ; Eijffinger, S.C.W. / The Economic Impact of Central Bank Transparency : A Survey. Tilburg : Macroeconomics, 2007. (CentER Discussion Paper).
@techreport{c0ec8638a29c48e3be118e0b113c9191,
title = "The Economic Impact of Central Bank Transparency: A Survey",
abstract = "We provide an up-to-date overview of the literature on the desirabil- ity of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its e¤ects has been carried out. First, we show how the theoretical literature has evolved, by looking into branches inspired by Cukierman and Meltzer (1986) and by investigating several, more recent, research strands (e.g. coordination and learning). Then, we summarize the empirical literature which has been growing more recently. Last, we discuss whether: -the empirical research resolves all theoretical question marks, -how the ndings of the literature match the actual practice of central banks, and -where there is scope for more research.",
keywords = "Central Bank Transparency, Monetary Policy, Survey",
author = "{van der Cruijsen}, C.A.B. and S.C.W. Eijffinger",
note = "Pagination: 43",
year = "2007",
language = "English",
volume = "2007-06",
series = "CentER Discussion Paper",
publisher = "Macroeconomics",
type = "WorkingPaper",
institution = "Macroeconomics",

}

van der Cruijsen, CAB & Eijffinger, SCW 2007 'The Economic Impact of Central Bank Transparency: A Survey' CentER Discussion Paper, vol. 2007-06, Macroeconomics, Tilburg.

The Economic Impact of Central Bank Transparency : A Survey. / van der Cruijsen, C.A.B.; Eijffinger, S.C.W.

Tilburg : Macroeconomics, 2007. (CentER Discussion Paper; Vol. 2007-06).

Research output: Working paperDiscussion paperOther research output

TY - UNPB

T1 - The Economic Impact of Central Bank Transparency

T2 - A Survey

AU - van der Cruijsen, C.A.B.

AU - Eijffinger, S.C.W.

N1 - Pagination: 43

PY - 2007

Y1 - 2007

N2 - We provide an up-to-date overview of the literature on the desirabil- ity of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its e¤ects has been carried out. First, we show how the theoretical literature has evolved, by looking into branches inspired by Cukierman and Meltzer (1986) and by investigating several, more recent, research strands (e.g. coordination and learning). Then, we summarize the empirical literature which has been growing more recently. Last, we discuss whether: -the empirical research resolves all theoretical question marks, -how the ndings of the literature match the actual practice of central banks, and -where there is scope for more research.

AB - We provide an up-to-date overview of the literature on the desirabil- ity of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its e¤ects has been carried out. First, we show how the theoretical literature has evolved, by looking into branches inspired by Cukierman and Meltzer (1986) and by investigating several, more recent, research strands (e.g. coordination and learning). Then, we summarize the empirical literature which has been growing more recently. Last, we discuss whether: -the empirical research resolves all theoretical question marks, -how the ndings of the literature match the actual practice of central banks, and -where there is scope for more research.

KW - Central Bank Transparency

KW - Monetary Policy

KW - Survey

M3 - Discussion paper

VL - 2007-06

T3 - CentER Discussion Paper

BT - The Economic Impact of Central Bank Transparency

PB - Macroeconomics

CY - Tilburg

ER -

van der Cruijsen CAB, Eijffinger SCW. The Economic Impact of Central Bank Transparency: A Survey. Tilburg: Macroeconomics. 2007. (CentER Discussion Paper).