Transparency and Monetary Policy Effectiveness

This article analyses the effects of economic transparency on the optimal monetary policy in an economy affected by demand shocks. In an environment of imperfect common knowledge, demand shocks create a trade-off between stabilizing the price level and stabilizing the output gap. The monetary policy...

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Bibliographic details
Main Author: CORNAND, Camille
BAERISWYL, Romain
Format: Journal Article
Language: English
Place of publication: ENSAE 2011
published in: Annales d'Economie et de Statistique no. 103; pp. 175 - 222
Data of publication: 2011
Series: Annales d'Economie et de Statistique
Online Access: available in Bonn?
Database: RePEc
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