Optimal central bank transparency

Amato, 2003, Rule-of-thumb behavior and monetary policy, European Economic Review, 47, 791, 10.1016/S0014-2921(02)00270-2 Babcock, 1997, Explaining bargaining impasse: the role of self-serving biases, The Journal of Economic Perspectives, 11, 109, 10.1257/jep.11.1.109 Baltagi, 2008 Bernanke, B.S., 2007. Federal Reserve Communications. Speech at the Cato Institute 25th Annual Monetary Conference, Washington D.C., November 14th. Blinder, 2000, Central bank credibility: why do we care? How do we build it?, American Economic Review, 90, 1421, 10.1257/aer.90.5.1421 Carroll, 2001 Cestari, 2008, Memory for prices and the euro cash changeover: an analysis for cinema prices in Italy, 125 Christoffel, 2005 Corvoisier, 2005 van der Cruijsen, 2007, The impact of central bank transparency on inflation expectations, European Journal of Political Economy, 23, 51, 10.1016/j.ejpoleco.2006.09.009 van der Cruijsen, 2010, From actual to perceived transparency: the case of the European Central Bank, Journal of Economic Psychology, 31, 388, 10.1016/j.joep.2010.01.007 van der Cruijsen, 2010, The Economic Impact of Central Bank Transparency: A survey, 261 Cukierman, 2007 Dale, 2008 Del Giovane, 2008, What’s behind “inflation perceptions”? A survey-based analysis of Italian consumers, 157 Demertzis, 2007, The costs of increasing transparency, Open Economies Review, 18, 263, 10.1007/s11079-007-9037-5 Dhyne, 2006, Price changes in the Euro Area and the United States: some facts from individual consumer price data, Journal of Economic Perspectives, 20, 171, 10.1257/jep.20.2.171 Diamond, 1983, Bank runs, deposit insurance, and liquidity, Journal of Political Economy, 91, 401, 10.1086/261155 Dincer, 2007 Dincer, 2009 Ehrmann, 2009, How should central banks communicate?, 170 Ehrmann, 2009, Purdah – on the rationale for central bank silence around policy meetings, Journal of Money, Credit and Banking, 41, 517, 10.1111/j.1538-4616.2009.00219.x Eijffinger, 2006, How transparent are central banks?, European Journal of Political Economy, 22, 1, 10.1016/j.ejpoleco.2005.09.013 Fabiani, 2006, What firms’ surveys tell about price setting behavior in the euro area, International Journal of Central Banking, 2, 3 Gadzinski, 2004 Gali, 2001, European inflation dynamics, European Economic Review, 45, 1237, 10.1016/S0014-2921(00)00105-7 Goodfriend, 1986, Secrecy and central banking, Journal of Monetary Economics, 17, 63, 10.1016/0304-3932(86)90006-1 Gosselin, 2007 Greenspan, 2005 Haan, 2005 Hoeberichts, 2010, Price setting behaviour in the Netherlands: results of a survey, Managerial and Decision Economics, 31, 135, 10.1002/mde.1478 International Monetary Fund, 2005 Issing, 2005, Communication, transparency, accountability: monetary policy in the twenty-first century, Federal Reserve Bank of St. Louis Review, 87, 65 Jensen, 2002, Optimal degrees of transparency in monetary policymaking, Scandinavian Journal of Economics, 104, 399, 10.1111/1467-9442.00294 Kekic, 2006 Levin, 2004, The macroeconomic effects of inflation targeting, Federal Reserve Bank of St. Louis Review, 86, 51 Lünnemann, P., Mathä, T.Y., 2005. Regulated and Services’ Prices and Inflation Persistence. ECB Working Paper No. 466. Mankiw, 2002, Sticky information versus sticky prices: a proposal to replace the New Keynesian Phillips curve, Quarterly Journal of Economics, 117, 1295, 10.1162/003355302320935034 Marques, 2004 Morris, 2002, Social value of public information, American Economic Review, 92, 1521, 10.1257/000282802762024610 Morris, 2005, Central bank transparency and the signal value of prices, Brookings Papers on Economic Activity, 1, 10.1353/eca.2006.0008 Rabin, 1998, Psychology and economics, Journal of Economic Literature, 36, 11 Roberts, 1998 Sims, 2003, Implications of rational inattention, Journal of Monetary Economics, 50, 665, 10.1016/S0304-3932(03)00029-1 Stock, 2001, Comment Svensson, 2006, Social value of public information: comment: Morris and Shin (2002) is actually pro-transparency, not con, American Economic Review, 96, 448, 10.1257/000282806776157650 Tversky, 1974, Judgment under uncertainty: heuristics and biases, Science, 185, 1124, 10.1126/science.185.4157.1124 Walsh, 2007, Optimal economic transparency, International Journal of Central Banking, 3, 5 Woodford, 2003 Yellen, J.L., 2007. Implications of Behavioral Economics for Monetary Policy. Speech for the Federal Reserve Bank of Boston Conference: “Implications of Behavioral Economics for Economic Policy”, September 28. Zbaracki, 2004, Managerial and customer costs of price adjustment: direct evidence from industrial markets, The Review of Economics and Statistics, 86, 514, 10.1162/003465304323031085