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• W1945156645 abstract "Using a New Keynesian small open economy model, we examine the effects of central bank transparency on inflation persistence. We have found that more opacity could reinforce the effect of persistent shocks on the level and variability of endogenous variables if the difference between the interest elasticity of domestic goods demand and the degree of trade openness is sufficiently large or sufficiently low, judging on structural parameters characterising the economy, the central bank preference and its initial degree of opacity. Our result implies that, under perfect capital mobility, a high degree of domestic financial development is a good reason for increasing transparency." @default.
• W1945156645 created "2016-06-24" @default.
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• W1945156645 date "2009-03-01" @default.
• W1945156645 modified "2023-09-27" @default.
• W1945156645 title "Monetary policy transparency and inflation persistence in a small open economy" @default.
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• W1945156645 hasPublicationYear "2009" @default.
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