G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2391
DP2391 Optimal Corporate Governance Structures
Javier Suarez; Andres Almazan
发表日期2000-02-29
出版年2000
语种英语
摘要In this paper we investigate central bank accountability by looking at the effect of transparency in a simple monetary policy game with an overriding mechanism. Monetary policy is transparent if there is little uncertainty about the central banker's preferences for inflation stabilization relative to output stabilization. Transparency enhances the central bank's accountability. The paper shows that transparency leads to a lower expected rate of inflation and less stabilization of supply shocks.
主题International Macroeconomics
关键词Accountability Central banks monetary policy transparency
URLhttps://cepr.org/publications/dp2391
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531475
推荐引用方式
GB/T 7714
Javier Suarez,Andres Almazan. DP2391 Optimal Corporate Governance Structures. 2000.
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