Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/185808
Authors: 
Lustenberger, Thomas
Rossi, Enzo
Year of Publication: 
2018
Series/Report no.: 
WWZ Working Paper 2018/06
Abstract: 
In a large sample of countries across different geographic regions and over a long period of time, we find limited country- and variable-specific effects of central bank transparency on forecast accuracy and their dispersion among a large set of professional forecasts of financial and macroeconomic variables. More communication even increases forecast errors and dispersion.
Subjects: 
central bank transparency
central bank communication
central bank independence
inflation targeting
forward guidance
macroeconomic forecasts
financial forecasts
panel data models with truncated data
JEL: 
C23
C53
E37
E58
D8
Document Type: 
Working Paper
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