This paper decomposes monetary policy changes into anticipated and unanticipated ones. Then US Treasury rate pass-through and the corresponding central bank reaction function …
Developing a Market-Based Monetary Policy Transparency Index: Evidence from the United States Page 1 Economic Issues, Vol. 16, Part 2, 2011 - 53 - Developing a Market-Based …
M Sánchez - Research in Economics, 2011 - Elsevier
This paper extends the workhorse model of strategic wage setting and monetary policy to the case of incomplete central bank transparency. In contrast with the existing literature, the …
We use a non-Bayesian approach to uncertainty, where “ambiguity” is taken into account, in order to analyze the issue of central bank transparency, and we underline that the use of …
JG James, P Lawler - Research in Economics, 2010 - Elsevier
This paper extends the literature on indexation externalities by analyzing equilibrium and efficient indexation in a unionized economy characterized by a monopolistically competitive …