Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts?

被引：0
|
作者：
Lustenberger, Thomas [1 ,2 ]
Rossi, Enzo [3 ,4 ]
机构：
[1] Swiss Financial Market Supervisory Author FINMA, Bern, Switzerland
[2] Univ Basel, Basel, Switzerland
[3] Swiss Natl Bank, Zurich, Switzerland
[4] Univ Zurich, Zurich, Switzerland
来源：
INTERNATIONAL JOURNAL OF CENTRAL BANKING | 2020年 / 16卷 / 02期
关键词：
MONETARY-POLICY; SOCIAL VALUE; DISAGREEMENT; CREDIBILITY; INFORMATION; INFLATION;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In a large sample of countries across different geographic regions and over a long period of time, we find limited country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors and dispersion.
引用
收藏
页码：153 / 201
页数：49
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