US and European central banks too transparent

Major central banks such as the Federal Reserve, the Bank of England and the European Central Bank (ECB) may be too transparent, new research finds.

In an article for, a blog, the researchers - Lex Hoogduin, the global chief economist at Rubeco, an asset manager, and a former adviser to Wim Duisenberg, the first ECB president; Carin Cruijsen, a researcher at the Netherlands Bank; and Sylvester Eijiffinger, a professor - argue that an optimal level of transparency exists, which many of t

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