Transparency in Monetary Policy: A Survey
نویسندگان
چکیده
As the above quote highlights most people engaged in monetary economics claim to be in favor of central-bank transparency. So why is there such a ferocious controversy in the recent academic literature and in the newspapers about the transparency of monetary policy? In fact, almost no one involved in the political discussion about the transparency of the European Central Bank (ECB) actually denies that transparency is socially beneficial. Although the ECB has been accused of being opaque, it claims to be open and transparent.
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