Central bank transparency has become one of the key features of monetary policy recently.
This survey article provides a structured review of the theoretical literature on the …

This paper provides a comparative assessment of the effectiveness of macroprudential
policies in 12 Asia-Pacific economies over 2004–2013, using databases of domestic …

This article develops and estimates a macro‐finance model that combines a canonical affine
no‐arbitrage finance specification of the term structure of interest rates with standard …

The paper assesses the communication strategies of the Federal Reserve, the Bank of
England, and the European Central Bank and their effectiveness. We find that the …

Transparency represents the most dramatic difference between central banking today and
central banking in earlier periods. 2 In recent years, a number of central banks have moved …

This fully revised second edition of Bain and Howells' Monetary Economics provides an up-
to-date examination of monetary policy as it is practised and the theory underlying it. The …

The past decade witnessed an increased interest in the institutional framework of monetary
policy. The benefits of central bank independence have been demonstrated in much …

This paper examines how United Kingdom financial markets react to Bank of England
communication. We might expect asset prices to react to official communication if it is …

This article investigates whether the degree of interdependence between the US and the
euro area has changed with EMU by analysing the effects of monetary policy and …

This paper examines how various monetary policy signals such as repo rate changes,
inflation reports, speeches, and minutes from monetary policy meetings affect the term …