Di Bartolomeo, Giovanni and Marchetti, Enrico (2003) Central banks and information provided to the private sector. Working Paper. Dipartimento di Economia Pubblica, Università di Roma La Sapienza, Roma, Italia.
![[img]](http://eprints.bice.rm.cnr.it/style/images/fileicons/application_pdf.png)
|
PDF
WP61.pdf Download (153kB) |
Abstract
This paper examines the information provided to the private sector by central banks. By using the principal component analysis, we investigated the variance of the procedural rules followed by nine major central banks about information treatments. We investigate problems related to the information coming from the central banks by focusing on the quantity and quality perspectives and highlight the methodological complexity of the investigation. We find that a synthetic quantitative index of transparency is not enough to represent the phenomenon since it can result misleading in understanding the behavior of institutionally different central banks associated with the same index values.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Additional Information: | JEL classification: E52, E58 |
| Uncontrolled Keywords: | Central bank transparency, principal components, monetary policy |
| Subjects: | 300 Scienze sociali > 330 Economia |
| Depositing User: | Dipartimento economia e diritto |
| Date Deposited: | 09 Nov 2009 |
| Last Modified: | 20 May 2010 12:02 |
| URI: | http://eprints.bice.rm.cnr.it/id/eprint/1143 |
Actions (login required)
 |
View Item |
