The Transparency of Central Bank Preferences
Volker Hahn
University of Konstanz
January 2006
Abstract:
We examine whether the transparency of the weight central banks attach to employment goals compared to inflation targets is beneficial. We show that society prefers transparency if it sufficiently values the employment target, whereas it prefers opacity if it estimates inflation as sufficiently important.
Number of Pages in PDF File: 19
Keywords: Central Bank Objectives, Transparency
JEL Classification: E58
working papers series
Suggested Citation
Hahn, Volker, The Transparency of Central Bank Preferences (January 2006). Available at SSRN: http://ssrn.com/abstract=592261 or http://dx.doi.org/10.2139/ssrn.592261
