Optimum central bank transparency
Artan Itsitsa Nzamba
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Optimum central bank transparency

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In this study, optimal transparency is examined in terms of the central bank's conduct of monetary policy. We show how the lack of consensus on the benefits of increased transparency on the effectiveness of monetary policy rehabilitates the issue of optimal central bank transparency. Optimal transparency refers to a level of communication beyond which increased transparency would reduce the effectiveness of monetary policy. In this study, the optimal degree of transparency on objectives was shown to enhance central bank credibility and reduce the risk of time inconsistency. By leading to a spe...