Macroprudential Transparency and Price Stability in Emerging and Developing Countries

Abstract One of the focuses recent literature has been macroeconomic effects macroprudential policy instruments. The innovation this paper is that it studies transparent macro-prudential policies on price stability. results presented herein provide first empirical evidence transparency can aid to achieve stable inflation in emerging and developing countries. effect necessarily transmitted through reduced occurrence banking crises. We also record a particular advantage for non-inflation targeting Overall, are robust use two proxies