The Role of Transparency in the Conduct of Monetary Policy
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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In contrast to the once prevailing norm of secrecy and opaqueness, transparency has now become one of the main features characterising the conduct of monetary policy. Detailed analysis of eleven OECD central banks shows that communication practices have converged markedly in the direction of ever greater transparency. Empirical evidence is...
