Central Bank Transparency

Rules Rather than Discretion: The Inconsistency of Optimal Plans

1977 • 7,667 citations

The Science of Monetary Policy: A New Keynesian Perspective

1999 • 5,015 citations

The Optimal Degree of Commitment to an Intermediate Monetary Target

1985 • 3,677 citations

Rules, discretion and reputation in a model of monetary policy

1983 • 3,635 citations

Monetary Theory and Policy

1999 • 1,903 citations

Monetary Policy Rules

1999 • 1,724 citations

Central Bank Strategy, Credibility, and Independence: Theory and Evidence

1992 • 1,454 citations

The Present-Value Relation: Tests Based on Implied Variance Bounds

1981 • 1,402 citations

A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information

1986 • 1,314 citations

Optimal contracts for central bankers

1995 • 1,191 citations

Inflation targeting: lessons from the international experience

1999 • 1,147 citations

Federal Reserve Information and the Behavior of Interest Rates

2000 • 1,001 citations

Inflation Targeting: Lessons from the International Experience

1999 • 936 citations

Central Bank Strategy, Credibility, and Independence: Theory and Evidence

1992 • 789 citations

Inflation and Reputation

1985 • 687 citations

Optimal Commitment in Monetary Policy: Credibility versus Flexibility

1992 • 617 citations

Designing institutions for monetary stability

1993 • 564 citations

Monetary Policy Games and the Role of Private Information

1984 • 452 citations

Transparency and Credibility: Monetary Policy With Unobservable Goals

2001 • 428 citations

Distinguished Lecture on Economics in Government: What Central Bankers Could Learn from Academics—and Vice Versa

1997 • 393 citations

Alice in Euroland

1999 • 385 citations

The Eurosystem: Transparent andAccountable or ‘Willem in Euroland’

1999 • 325 citations

Monetary mystique: Secrecy and central banking

1986 • 298 citations

Optimal Inflation Targets, 'Conservative' Central Banks, and Linear Inflation Contracts

1997 • 290 citations

Reputation in a model of monetary policy with incomplete information

1986 • 286 citations

Is Bank Supervision Central to Central Banking?

1999 • 238 citations

Monetary Policy Frameworks in a Global Context

2012 • 238 citations

Cheap Talk and the Fed: A Theory of Imprecise Policy Announcments

1989 • 211 citations

How Do Central Banks Talk

2001 • 199 citations

Which Kind of Transparency? On the Need for Clarity in Monetary Policy-Making

2000 • 189 citations

Does Inflation Targeting Make a Difference

2007 • 169 citations

The Equilibrium Degree of Transparency and Control in Monetary Policy

1999 • 127 citations

Independence and Accountability

1997 • 127 citations

Does it Pay to be Transparent? International Evidence from Central Bank Forecasts

2001 • 127 citations

Why Adopt Transparency? The Publication of Central Bank Forecasts

2001 • 119 citations

Optimal Inflation Contracts and Inflation Targets with Uncertain Central Bank Preferences: Accountability Through Independence?

1998 • 87 citations

Inflation Targets and Contracts with Uncertain Central Banker Preferences

1998 • 79 citations

Political uncertainty and macroeconomic performance

1991 • 76 citations

The Impact of EMU on Europe and the Developing Countries

2001 • 75 citations

Transparency, reputation, and credibility under floating and pegged exchange rates

1999 • 73 citations

How Transparent are Central Banks

2002 • 68 citations

When and how much to talk credibility and flexibility in monetary policy with private information

1995 • 63 citations

Inflation targeting, transparency and interest rate volatility: Ditching “monetary mystique” in the U.K.

2001 • 61 citations

Announcements, Inflation Targeting and Central Bank Incentives

1999 • 58 citations

Monetary Policy Surprises and the Yield Curve

2000 • 58 citations

Optimal Degrees of Transparency in Monetary Policymaking

2000 • 55 citations

Why Money Talks and Wealth Whispers: Monetary Uncertainty and Mystique

2000 • 54 citations

Inflation, Monetary Transparency, and G3 Exchange Rate Volatility

2000 • 49 citations

The Value of Publishing Official Central Bank Forecasts

1999 • 43 citations

Secrecy of Monetary Policy and the Variability of Interest Rates

1987 • 43 citations

Monetary policy, secrecy, and federal funds rate behavior

1987 • 41 citations

Untitled

1998 • 41 citations

Accountability of central banks: aspects and quantification

1999 • 39 citations

Greater Transparency in Monetary Policy: Impact on Financial Markets

1999 • 36 citations

Accountability of central banks: aspects and quantification

1999 • 34 citations

A Theory of Central Bank Accountability

2000 • 34 citations

What Can We Learn About Monetary Policy Transparency from Financial Market Data?

2001 • 30 citations

Are Contemporary Central Banks Transparent About Economic Models and Objectives and What Difference Does it Make?

2001 • 28 citations

WHY DOESN'T SOCIETY MINIMIZE CENTRAL BANK SECRECY?

1991 • 26 citations

CENTRAL BANK SECRECY, INTEREST RATES, AND MONETARY CONTROL

1993 • 23 citations

Precommitment, Transparency and Monetary Policy

2001 • 21 citations

A Theory of Fed Watching in a Macroeconomic Policy Game

1992 • 16 citations

Optimal Degrees of Transparency in Monetary Policymaking

2001 • 15 citations

On the Optimality of Transparent Monetary Policy

2001 • 13 citations

Should the Individual Voting Records of Central Bankers Be Published?

2001 • 11 citations

Monetary Policy Transparency, Public Commentary, and Market Perceptions About Monetary Policy in Canada

2000 • 11 citations

Inflation and Its Variation: An Alternative Explanation

1999 • 10 citations

Voting Transparency and Conflicting Interests in Central Bank Councils

2001 • 10 citations

Welfare Effects of Public Information

2000 • 10 citations

How Much Should Central Banks Talk? A New Argument

2002 • 9 citations

Central Bank Accountability and Transparency: Theory and Some Evidence

2000 • 8 citations

Credibility, Transparency and Asymmetric Information in Monetary Policy

2001 • 5 citations

Inflation Targets as a Stabilisation Device

2002 • 3 citations