Thomas Lustenberger and Enzo Rossi: Does Central Bank Transparency and Communication Affect Financial and Macroeconomic Forecasts?
Accéder
Description
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.
Institution partenaire
Langue
English
Date
2018
Le portail de l'information économique suisse
© 2016 Infonet Economy
