Abstract
In a large sample of countries across different geographic regions and over a long period of time, we find limited countryand 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.
Authors
- Thomas Lustenberger
- Enzo Rossi
JEL codes
- C23
- C53
- E37
- E58
- D8