How Much Should Central Banks Talk? A New Argument

FEATURE - The appropriate level of disclosure of central bank information is a subject that has attracted much debate. Although there is still disagreement on the matter, some sort of consensus does appear to have been reached.

The overwhelming majority have come out in favour of greater transparency for central banks. This is necessary to enhance accountability as well as maintain credibility, both of which are regarded as essential to the well-being of a central bank. But in a new CEPR di