Optimal Degrees of Transparency in Mon Pol-Jensen

"Optimal Degrees of Transparency in Monetary Policymaking" by Henrik Jensen Abstract by Henrik Jensen:

According to most academics and policymakers, transparency in monetary policymaking is desirable. I examine this proposition in a small theoretical model emphasizing forward-looking private sector behaviour. Transparency makes it easier for price setters to infer the central bank's future policy intentions, thereby making current inflation more responsive to policy actions. This induces

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