Discussion Paper Details
Please find the details for DP3188 in an easy to copy and paste format below:
Title: How Transparent are Central Banks?
Author(s): Sylvester C W Eijffinger and Petra M Geraats
Publication Date: February 2002
Keyword(s): accountability, central banking, independence, monetary policy and transparency
Programme Area(s): International Macroeconomics
Abstract: Central bank transparency has become the topic of a lively public and academic debate on monetary policy. Unfortunately, it has been complicated by the fact that transparency is a qualitative concept that is hard to measure. This Paper proposes a comprehensive index for central bank transparency that comprises the political, economic, procedural, policy and operational aspects of central banking. The index is compiled for nine major central banks. It is based on an analysis of information disclosure practices and reveals a rich variety in the degree of central bank transparency.
For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3188
Eijffinger, S and Geraats, P. 2002. 'How Transparent are Central Banks?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=3188