Central bank transparency has become one of the key features of monetary policy recently.
This survey article provides a structured review of the theoretical literature on the …

This paper surveys and evaluates alternative views regarding the desirable combination of
accountability, credibility and transparency in the newly created ECB, including recent …

Existing literature suggests that uncertainty shocks can propagate like aggregate demand
shocks or aggregate supply shocks. By way of extension, this study investigates the effect of …

We study the effects of Central Bank transparency on inflation and the output gap. Our
intention is to illustrate, with the help of a small analytical model, how an imperfectly …

This paper starts with a discussion of the various aspects of accountability of central banks.
On the basis of this discussion we construct an indicator for accountability for 16 central …

The establishment of the Single Supervisory Mechanism (SSM) raised expectations
regarding the ability of the European Parliament (EP) to hold the European Central Bank …

The last decades have shown a tendency towards higher central bank transparency. This
leads to the question of how central bank transparency is entangled with price stability and …

The first part of this paper outlines the concept of democratic accountability of central banks,
and compares the legal accountability of the European Central Bank (ECB) with some other …

Since the move toward more central bank transparency, a lot of research on its desirability
from an economic viewpoint has been carried out. We provide an up-to-date overview of this …

This paper analyzes the effect of monetary uncertainty on the inflationary bias and the
variance of output and inflation. Monetary policy uncertainty is modeled as a shock to the …