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Transparency and Credibility: Monetary Policy With Unobservable Goals

✍ Scribed by Jon Faust; Lars E. O. Svensson

Book ID
108563784
Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
189 KB
Volume
42
Category
Article
ISSN
0020-6598

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## Abstract We examine how inflation and the costs associated with disinflation episodes are related to monetary policy transparency. We develop a simple model that demonstrates how transparency may result in lower inflation. Our empirical results show that in general, transparency may be associate