Central Bank Transparency
综述了货币政策透明度的理论文献,区分了透明度的不确定性与激励效应,并与央行实践及实证证据进行了比较,适合对货币政策设计感兴趣的学者。
Central bank transparency has become one of the key features of monetary policy recently. This survey article provides a structured review of the theoretical literature on the consequences of transparency of monetary policy, proposing a distinction between uncertainty and incentive effects of transparency. The theoretical insights are compared to the various ways in which central banks have become transparent in practice. In addition, there is an assessment of the empirical evidence concerning the transparency of monetary policy. Copyright Royal Economic Society 2002