G2TT
来源类型Discussion paper
规范类型论文
来源IDDP3626
DP3626 Does the New Economy Need New Governance? Ownership, Knowledge and Performance
David Audretsch; Erik Lehmann
发表日期2002-11-20
出版年2002
语种英语
摘要We study the effects of Central Bank transparency on inflation and the output gap. We thus first identify a small analytical model, which concludes that transparency affects the variability of inflation and output and not their average levels. Then we examine whether this conjecture holds empirically, employing the recently derived index of transparency by Eijffinger and Geraats. The em-pirical findings confirm that the averages are not affected by transparency. It does seem to explain however, about 50% of the variability in inflation. The relation between transparency and output volatility is less clear but appears to be positive rather than negative.
主题International Macroeconomics
关键词Central bank Economic and political transparency inflation Output gap performance
URLhttps://cepr.org/publications/dp3626
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/532635
推荐引用方式
GB/T 7714
David Audretsch,Erik Lehmann. DP3626 Does the New Economy Need New Governance? Ownership, Knowledge and Performance. 2002.
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