Transparency : can central banks commit to truthful communication?
Borradores de Economía; No. 711
Date published
2012-05-18Date of last update
2012-05-18Document language
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
To evaluate whether transparency is beneficial, it is usual to assume that the central bank may choose one of two options, opacity versus truthful communication. However, the monetary policymaker may have incentives to misrepresent private information so
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http://repositorio.banrep.gov.co/handle/20.500.12134/5754http://hdl.handle.net/20.500.12134/5754
https://doi.org/10.32468/be.711
https://ideas.repec.org/p/bdr/borrec/711.html
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