Central bank transparency has become the topic of a lively public and academic debate on
monetary policy. However, this has been complicated by the fact that transparency is a …

In this paper we analyse the introductory statement of the ECB President in his monthly
press conference held on Governing Council meeting days. We provide a glossary that …

We investigate how the link between inflation and inflation expectations alters with
increasing transparency. Our motivation stems from the belief that changes in the …

This article analyses the factors that seem to play an important role in determining the cost of
sovereign debt. Specifically, we evaluate to what extent transparency, the level of corruption …

In this paper, we study the influence of central bank transparency and informal central bank
communication on the formation of money market expectations. The sample covers nine …

In the 1990s central banking in Europe and the United States witnessed a paradigm change.
A central tenet of the new paradigm was that a central bank which acts in a transparent and …

Since the move toward more central bank transparency, a lot of research on its desirability
from an economic viewpoint has been carried out. We provide an up-to-date overview of this …

Monetary policymaking has undergone a dramatic transformation during the last 25 years.
Central banks used to be known for their secrecy, leaving people to guess their intentions …

This paper analyses which factors determine the cost of debt, specifically in the light of the
deep economic crisis the world is facing today. We evaluate the impact of transparency …

Purpose–This paper aims to review the economic literature on central bank communication
to address the questions of how economists account for the effects of speech acts and …