Transparency : can central banks commit to truthful communication?

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

Detalles Bibliográficos
Autor Principal: Parra-Polanía, Julián Andrés
Formato: Documento de trabajo (Working Paper)
Lenguaje:Español (Spanish)
Publicado: Banco de la República 2012
Acceso en línea: