The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Which Kind of Transparency? On the Need for Clarity in Monetary Policy-Making
Open accessAbstract
In most of the existing academic literature the notion of transparency in monetary policy is defined in too simple terms to be of practical relevance. This paper suggests a conceptual framework, which distinguishes different - and potentially conflicting - aspects of transparency. When there are frictions in communication or imperfections in the processing of information, greater 'openness' (i.e. more information) need not always enhance the 'clarity' of central bank communication. In this perspective transparency primarily hinges on a shared mode of interpretation ('common understanding') between the central bank and its audience. JEL Classification: E42, E52, E58, F58
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Strategic information transmission
Crawford, V. P., & Sobel, J. (1982) · Econometrica · doi:10.2307/1913390 · Cited by 4,293
Cited by
Schnackenberg, A. K., & Tomlinson, E. C. (2016) · Journal of Management · doi:10.1177/0149206314525202 · Cited by 762
The ethics of information transparency
Turilli, M., & Floridi, L. (2009) · Ethics and Information Technology · doi:10.1007/s10676-009-9187-9 · Cited by 419
Monetary Policy in the Euro Area: Strategy and Decision-Making at the European Central Bank
Issing, O., Gaspar, V., Angeloni, I., & Tristani, O. (2001) · Cambridge University Press eBooks · doi:10.1017/cbo9780511492457 · Cited by 291
Transparenting Transparency: Initial Empirics and Policy Applications
Kaufmann, D., & Bellver, A. (2005) · SSRN Electronic Journal · doi:10.2139/ssrn.808664 · Cited by 271
Metadata
- Authors
- Winkler, B.
- Venue
- SSRN Electronic Journal
- Publisher
- Elsevier BV
- Published
- 2000
- ISSN
- 1556-5068 (ISSN-L)
- OpenAlex
- W1606785217
- Cited by
- 207
- References
- 1
- Type
- posted content
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
