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Transparent US monetary policy: theory and tests

โœ Scribed by Hayford, Marc D.; Malliaris, A. G.

Book ID
127119267
Publisher
Taylor and Francis Group
Year
2012
Tongue
English
Weight
251 KB
Volume
44
Category
Article
ISSN
0003-6846

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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